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) at an enterprise value of €2.4 billion. Following the transaction, MM Packaging will operate as an independent entity while retaining its current name. MM Group will maintain a 30% minority stake in the business, allowing it to participate in future value creation. MM Packaging is a global leader in consumer packaging, specializing in folding cartons, labels, and leaflets for the food, beverage, pharmaceutical, and cosmetic sectors. Headquartered in Vienna, the company operates over 50 production sites across 19 countries with approximately 8,500 employees. The deal is subject to customary regulatory approvals and employee consultations in France.
Tickers: $MMK
Topics: Acquisition Corporate Restructuring Packaging Industry