Walki Group, the leading producer of protective packaging materials and technical laminates, announces that the European Commission's competition investigation concerning the sale of the two sites, Pietarsaari in Finland and Wroclaw in Poland, to Mondi moves to the second phase of investigation.
“We expect the transaction to be completed by the end of 2015”, says Leif Frilund, President and CEO of Walki Group.
After the transaction, Walki will continue to compete in all the current product segment with eight sites, out of which seven are located in Europe. Reel packaging and barrier lining customers will be served mainly from Valkeakoski in Finland, Steinfurt in Germany, and Haarlem in the Netherlands. Over three meter products will be served from Valkeakoski and Haarlem.
For more information, please contact:
Leif Frilund, President and CEO, tel. +358 (0)403543330
Walki in brief
Walki Group is a leading producer of technical laminates and protective packaging materials, specializing in the production of fiber based, intelligent, multi- layer laminate products for markets as diverse as energy saving construction facings to barrier packaging applications. Walki Group is present in eleven countries with operations in Finland, Germany, the Netherlands, Poland, Russia, the UK and China with a workforce of about 900 people. Annual net sales of the Group are more than 300 million Euros.