|
|
2016-11-09 00:00:00
|
Thanks to a good period of business of late for Mondi Group, they have announced that they will be purchasing 100% of LLC Beepack which is currently owned by a private investor. On a cash and debt free basis, the acquisition is set to cost around €40 million.
Currently, Beepack has a production plant in the Lipetsk Russian region and is located 40km south of Moscow. Among other things, the plant mainly deals with corrugated materials for packaging products as well as boxes for the agricultural industry. In recent years, they have enjoyed success and also built a customer base within Russia and many other countries.
According to last year’s data, Beepack saw €41 million in revenue last year alone and EBITDA of €7 million.
|
|
|