Mondi Completes Sale of Personal Care Components Ahead of Schedule
July 01 2022 - 1:46AM
Dow Jones News
By Michael Susin
Mondi PLC said Friday that it has completed the disposal of its
Personal Care Components business to Nitto Denko Corp. for 615
million euros ($644.8 million) ahead of schedule.
The paper-and-packaging group said that the sale of part of the
Engineered Materials unit aims to simplify its portfolio.
The remaining part of Engineered Materials will become part of
the Flexible Packaging business unit, it added.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
July 01, 2022 02:31 ET (06:31 GMT)
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