Mondi to sell its Belgian extrusion coating plant Belcoat to Walki Group
BRUSSELS, July 11, 2019 (PPI Europe) -Mondi has signed an agreement to sell its Belgian extrusion coating company Belcoat, located in Duffel in Belgium, to Walki Group. The price tag of the deal was not disclosed.
Belcoat, which employs some 100 people, produces highly specialized extrusion coated products serving customers across protective clothing, imaging, automotive and other specialty products markets. The firm generated a turnover of Euro 37 million ($41 million) last year.
“This acquisition is in line with our strategy to expand our customer base and to strengthen our position in highly specialized engineered materials,” Walki’s president and CEO Leif Frilund ...