Mondi Akrosil LLC has entered into an asset agreement with Nitto Americas regarding their recently discontinued facility—to be named Mondi Kenosha—in Pleasant Prairie, Wisconsin/USA.
“This acquisition enables Mondi Kenosha to add nearly 4.8 billion square feet of capacity and it will complement the existing facilities in Menasha, Wisconsin and Lancaster, Ohio,” said Thomas Schäbinger, CEO of Mondi Coatings.
Mondi will purchase the 168,000 square foot building, 60 acres of land and other outstanding assets. The new state-of-the-art facility provides room for expansion and is an excellent value in terms of building, land and coating assets, initially including two flexible, high-speed coating lines, according to the company.
Mondi intends to develop the Kenosha facility into Mondi’s leading plant for specialized release liners in the U.S. market and beyond.
Mondi UK- and South African-based international paper and packaging company, with production operations across 31 countries and revenues of €5.3 billion in 2009. The Group’s key operations are located in western and emerging Europe, Russia and South Africa and employed 31,000 people on average in 2009. Mondi Coatings, a business unit of Mondi’s Europe & International Division, is a supplier of plastic- and paper-based materials, providing technologies such as extrusion coating, laminating, siliconizing and printing.