Deals
Mondi Sees Packaging Boost From High-Tech Pet-Food Pouches
- South African company considering acquisitions to boost growth
- Shares have gained 69% this year, best among packaging peers
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Mondi Ltd., the top-performing stock this year among the world’s 10 biggest packaging makers, sees some of its biggest growth opportunities in food pouches that preserve everyday items from pasta sauce to dog food.
The company, based in Johannesburg, is among the few businesses able to produce the multi-layer barrier material used to make the pouches, Chief Executive Officer David Hathorn, 53, said in a Nov. 16 interview at Bloomberg’s office in the South African city. The products require fewer raw materials and keep food fresher for longer than other packaging types, he said.