Mondi Group has signed an agreement for the sale of its recycled containerboard mill and related recycling operations located in Raubling, Germany, to the Heinzel Group for an enterprise value of €25 million on a debt and cash free basis.
The transaction remains subject to competition clearance and is expected to complete by the end of 2015.
The sale enables Mondi to focus on the development of its core containerboard operations in line with its strategy.
Source: Mondi
Synthomer announced the appointment of Lily Liu as Chief Financial Officer (CFO). Lily will take up the role no later than 1 July 2022, succeeding Steve Bennett who announced in August 2021 that he would step down once a suitable successor was in place.
Westlake Chemical (Houston, Texas) has reached agreement to acquire Hexion’s (Columbus, Ohio) epoxy business for approximately $1.2 billion. Westlake says the deal enhances chlorine and olefins integration and brings attractive opportunities in high-growth epoxy markets, including wind turbine blades, automotive lightweighting, aerospace and consumer coating applications.
Tetra Pak Iberia is launching a gamified app experience in partnership with digital studio Appetite Creative. The technology is enabled though scannable QR codes printed on drinking cartons and available to all brands in Southern Europe.
