Mondi confirms that it has signed an agreement with Smurfit Kappa for the acquisition of its western European industrial and consumer bag operations, which consist of four converting plants in France, three in Spain, and one in Italy, as well as certain sales officesThe acquisition is in line with Mondi’s strategy to strengthen its leading market position in industrial and consumer bags in Europe and further increase the forward integration of kraft paper into bags.Mondi has also signed an agreement with Smurfit Kappa for the sale of all three of Mondi’s corrugated box plants in the UK for a consideration of 43 million Euros on a cash and debt free basis. Both deals are conditional on customary completion conditions.