Mondi Limited
Incorporated in the Republic of South Africa
Registration number: 1967/013038/06
JSE share code: MND ISIN: ZAE000156550
Mondi plc
Incorporated in England and Wales
Registered number: 6209386
LEI: 213800LOZA69QFDC9N34
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI
6 February 2017
As part of the dual listed company structure, Mondi Limited and Mondi plc
(together "Mondi Group" or "Mondi") notify both the JSE Limited and the London
Stock Exchange of matters required to be disclosed under the Listings
Requirements of the JSE Limited and/or the Disclosure Guidance and Transparency
Rules and the Listing Rules of the United Kingdom Listing Authority.
Mondi Group acquires Excelsior Technologies
Mondi Group has acquired 100% of the outstanding share capital of Excelsior
Technologies Limited ("Excelsior" or the "Company") from funds managed by
Endless LLP and certain other minority shareholders, for a total consideration
of £33 million (€38 million), on a debt and cash-free basis.
Excelsior is a vertically-integrated producer of innovative flexible packaging
solutions, mainly for food applications, with a unique packaging technology for
microwave steam cooking. With two plants, located in Deeside (Northern Wales,
UK) and Nelson (Lancashire, UK) the Company serves both domestic and US
customers. For the year ended 31 December 2016, Excelsior generated revenues of
£39 million (€47 million).
Commenting on the acquisition, David Hathorn, Chief executive of Mondi Group,
said: "The acquisition of Excelsior supports the development of our Consumer
Packaging business in high growth product applications. Its leading microwave
steam cooking packaging technology complements and enhances our global food
packaging offering".
Contact:
Mondi Group
Lora Rossler
Group Head of Communications
Tel: +27 (0)31 451 2111 or +27 (0)83 627 0292
E-mail: lora.rossler@mondigroup.co.za
Andrew King
Group CFO
Tel: +27 (0)11 994 5415
E-mail: andrew.king@mondigroup.com
We are Mondi: In touch every day
At Mondi, our products protect and preserve the things that matter.
Mondi is an international packaging and paper Group, employing around 25,000
people across more than 30 countries. Our key operations are located in central
Europe, Russia, North America and South Africa. We offer over 100 packaging and
paper products, customised into more than 100,000 different solutions for
customers, end consumers and industrial end uses - touching the lives of
millions of people every day. In 2015, Mondi had revenues of €6.8 billion and a
return on capital employed of 20.5%.
The Mondi Group is fully integrated across the packaging and paper value chain
- from managing forests and producing pulp, paper and compound plastics, to
developing effective and innovative industrial and consumer packaging
solutions. Our innovative technologies and products can be found in a variety
of applications including hygiene components, stand-up pouches, super-strong
cement bags, clever retail boxes and office paper. Our key customers are in
industries such as automotive; building and construction; chemicals; food and
beverage; home and personal care; medical and pharmaceutical; packaging and
paper converting; pet care; and office and professional printing.
Mondi has a dual listed company structure, with a primary listing on the JSE
Limited for Mondi Limited under the ticker code MND and a premium listing on
the London Stock Exchange for Mondi plc, under the ticker code MNDI.
For us, acting sustainably makes good business sense and is part of the way we
work every day. We have been included in the FTSE4Good Index Series since 2008
and the JSE's Socially Responsible Investment (SRI) Index since 2007.
Sponsor in South Africa: UBS South Africa (Pty) Ltd