Mondi, the UK and JSE-listed paper and packaging giant, has finalised the acquisition of Schumacher Packaging’s Western Europe assets, a move set to enhance its corrugated packaging operations. The deal, first announced in October, includes Schumacher’s German, Benelux, and UK-based corrugated converting and solid board operations. While the purchase price remains undisclosed, the assets had an enterprise value of €634 million at the time, financed through Mondi’s existing financial resources. This acquisition bolsters Mondi’s operational reach, reinforcing its position in the Western European market and offering strong vertical integration opportunities for its packaging business.
The acquisition complements Mondi’s existing corrugated solutions network across Central and Eastern Europe. With these newly acquired facilities, the company will add over 1 billion square meters of packaging capacity once operations are fully optimised. Among the acquired assets are two advanced mega box plants in Ebersdorf and Greven, Germany. These state-of-the-art facilities boast high-speed production and operational efficiency, presenting significant growth potential following recent investments. The integration of these assets is expected to enhance Mondi’s ability to serve its e-commerce and fast-moving consumer goods (FMCG) clients, strengthening its foothold in the European packaging sector.
Mondi’s leadership sees this expansion as a step towards increasing sustainability in packaging. The company is focused on offering innovative, eco-friendly solutions to meet rising demand across various industries. By integrating Schumacher’s operations, Mondi is poised to provide a wider range of sustainable packaging products to new and existing customers in Western Europe. The acquisition also aligns with its strategy of scaling up production capabilities and improving supply chain efficiencies. With a strong portfolio of packaging solutions and a growing presence in key markets, Mondi is well-positioned to capitalise on shifting industry trends and drive future growth.