Mondi Group, an international paper and packaging company, has agreed to acquire 93.4% of the outstanding share capital of Nordenia International AG from funds managed by Oaktree Capital Management LP and certain other minority shareholders for a total cash consideration of €240 million (~ $294 million). Nordenia is an international supplier of consumer packaging solutions and hygiene components with 12 operating facilities located in seven countries across Europe,
North America, and Asia. In addition, a wholly owned greenfield plant currently being constructed in China is expected to begin operating in early 2014.