Mondi completes acquisition of Hinton Pulp mill

Mondi has completed the acquisition of Hinton Pulp mill in Alberta, Canada, from West Fraser for a total consideration of USD 5 million.

The mill has the capacity to produce around 250,000 tonnes of pulp per annum and will provide the group with access to local, high-quality fibre from a well-established wood basket as part of a long-term partnership with West Fraser.

Mondi intends to invest in the mill to improve productivity and sustainability performance and, subject to pre-engineering and permitting, invest in expanding the facility primarily with a new kraft paper machine which will integrate its paper bag operations in the Americas to support future growth.

“We are delighted to welcome our new colleagues from Hinton Pulp mill to Mondi and look forward to working together to secure the mill’s future and support Mondi’s growth in North America with our portfolio of sustainable packaging,” comments Andrew King, Mondi Group CEO.

In 2022, Mondi had revenues of €8.9 billion and underlying EBITDA of €1.8 billion from continuing operations, and employed 22,000 people worldwide.