Home News Industry News Mondi signs agreement to sell its Pine Bluff flat sack kraft paper mill in North America

Mondi signs agreement to sell its Pine Bluff flat sack kraft paper mill in North America

Mondi Group has signed an agreement for the sale of its flat sack kraft paper mill in Pine Bluff, Arkansas, USA, to Twin Rivers Paper Company LLC.

The transaction remains subject to customary closing conditions and is expected to complete in first half of 2018. The mill has a capacity of 130,000 metric tonnes.

Clemens Willee, CEO Packaging Paper, Mondi Group, comments: "We believe that the interests of the mill and its employees are better served by the new owners where there is a closer long-term strategic alignment."

"We are very pleased with the opportunity to add this facility and its valued associates to the Twin Rivers family", said Ken Winterhalter, President of Twin Rivers. "The proposed transaction will provide a logical grade-line extension to our current offerings and clear evidence of our ongoing commitment to enhance the value we provide to our customers."

Mondi continues to focus on strengthening its leading industrial bags position in North America.

Source: Mondi Group

 
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