KPS Capital Partners to Acquire MM Packaging from MM Group for €2.4 Billion
KPS Capital Partners has entered into a definitive agreement to acquire MM Packaging from Mayr-Melnhof Karton AG (MM Group) in a transaction valued at an enterprise value of €2.4 billion. Following the acquisition, MM Packaging will operate as an independent entity while retaining its current name. MM Group will maintain a 30% ownership stake in the business to participate in future value creation. MM Packaging is a global leader in consumer packaging, serving the food, beverage, pharmaceutical, and healthcare sectors with over 50 production sites across 19 countries. The company holds a dominant market position as the world's largest producer of secondary pharmaceutical packaging and a leading European provider of folding cartons for food products.
Tickers: $MMK
Topics: Corporate Restructuring M&A Packaging Industry Private Equity
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