Paper and packaging solutions company Mondi has completed the sale of its personal care components business (PCC), part of the engineered materials business unit, to Nitto Denko Corporation for an enterprise value of R1.05-billion (€615-million).
Mondi group CEO Andrew King says the sale of PCC, which was finalised ahead of schedule, enables Mondi to simplify its portfolio and focus on its strategic priority to grow in sustainable packaging.