Mondi Group announces the successful acquisition of Kalenobel, the Turkish flexible packaging manufacturer, for €90 million on a debt-and-cash-free basis. Kalenobel, headquartered in Istanbul with two production facilities in Kırklareli, will become part of Mondi’s consumer goods packaging business and will be renamed Mondi Kalenobel.
Established in 1955, Kalenobel is a Turkish consumer packaging company that produces flexible consumer packaging for ice cream and other applications as well as aseptic cartons. Its products include ice cream cone sleeves and lids, push up tubes, squeeze-ups and paper cups.
Commenting on the acquisition, Peter J Oswald, CEO Mondi Europe & International, said, “We are delighted that Kalenobel is joining Mondi and adding to our existing presence in Turkey. It allows us to offer customers a broader range of products and is in line with our strategy to grow Mondi’s consumer packaging business”.
