Mondi to acquire Duino mill from the Burgo Group for €40 million

Mondi plc has agreed to acquire the Duino mill near Trieste (Italy) from the Burgo Group for a total consideration of €40 million.

The mill currently operates one paper machine producing lightweight coated mechanical paper. Mondi plans to convert this paper machine to produce around 420,000 tonnes per annum of high-quality recycled containerboard for an estimated investment of around €200 million.

Mondi is a global leader in packaging and paper, contributing to a better world by making innovative solutions that are sustainable by design.