NPP is a privately owned industrial bags producer, operating one plant in Giza near Cairo (Egypt) serving mostly regional customers. For the year ended 31 December 2017, the Company generated revenues of EGP577 million (€29 million) and adjusted EBITDA of EGP107 million (€5 million).

“The acquisition of NPP complements our network of plants in the growing Middle East region and provides us with a leading position in Egypt to grow our business and better serve our customers” said Mondi.

The transaction is subject to customary closing conditions and is expected to complete during the first half of 2018.

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