Last updateSun, 07 Aug 2022 10pm

Walki Group Oy has completed the acquisition of Mondi Belcoat NV to strengthen its position in engineered materials

Walki Group announces today that it has completed the acquisition of 100 % of the shares of Mondi Belcoat NV, a Belgian extrusion coating company of Mondi Group.

The acquisition of Belcoat adds manufacturing capacity and value-added service capability to Walki's existing manufacturing footprint in Central Europe. Belcoat produces highly specialised extrusion coated products serving customers across protective clothing, imaging, automotive and other speciality products markets. The company is operating a manufacturing facility in Duffel, Belgium and employs just over 100 people. In 2018, Belcoat was generating a turnover of 37 million euros. Financial terms of the transaction have not been disclosed.
“This acquisition is in line with our strategy to expand our customer base and to strengthen our position in highly specialized engineered materials. Further, I would like to welcome all at Belcoat to Walki and wish them every success.", says Leif Frilund, President and CEO of Walki.



Related articles

  • Latest Post

  • Most Read

  • Twitter

Who's Online

We have 7324 guests and one member online

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.