KPS Capital Partners to Acquire MM Packaging from MM Group for €2.4 Billion
KPS Capital Partners has signed a binding agreement to acquire MM Packaging from Mayr-Melnhof Karton AG (MM Group) at an enterprise value of €2.4 billion. Following the transaction, MM Packaging will operate as an independent entity and retain its current name. MM Group will maintain a 30% minority stake in the company, allowing it to participate in future value creation. Headquartered in Vienna, MM Packaging is a global leader in secondary packaging for pharmaceutical products and a major European manufacturer of folding cartons for the food industry. The company operates over 50 production sites across 19 countries with approximately 8,500 employees. The deal remains subject to regulatory approvals and employee consultation processes in France.
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