Harrisons has advised Mondi Industrian Bags -- a leading international producer of industrial paper bags -- on a May 20, 2014 agreement to acquire Intercell’s industrial bags plant located in Sabac, Serbia.
Intercell currently operates a modern state-of-the art plant, with around 50 employees, which will become a regional production and service hub of Mondi’s industrial bags business in the Balkans. The acquisition is expected to strengthen Mondi’s level of quality and customer service in the region long term.
Listed in the JSE Limited and London Stock Exchange, Mondi sells about 4 billion bags per year to major industries including cement and building materials, chemicals, food, feed and seed. It employs around 24,000 people in production facilities across 30 countries. In 2013, Mondi had revenues of EUR 6.5 billion. The Group's key operations are located in Central Europe, Russia, the Americas, and South Africa.
Hauser and Partners (Austria) also advised Mondi on the transaction.