Mondi takes over Ascania nonwoven Germany

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Mondi Group has acquired German Ascania nonwoven Germany GmbH. The packaging and paper group informed on 18 September that it has acquired 100% of Ascania’s capital stock from Schloß Neugattersleben Group for €54m on a debt-and-cash-free basis. The acquisition is said to contribute to the development of Mondi’s ...

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