KPS Capital Partners to Acquire MM Packaging from MM Group for €2.4 Billion
KPS Capital Partners has signed a definitive agreement to acquire MM Packaging from Mayr-Melnhof Karton AG (MM Group) in an enterprise deal valued at €2.4 billion. Following the transaction, MM Packaging will operate as an independent entity, while MM Group will retain a 30% minority stake to participate in future value creation. Based in Vienna, MM Packaging is a global leader in consumer packaging, particularly for the pharmaceutical and food sectors, operating over 50 production sites across 19 countries. The deal is subject to regulatory approvals and, in France, consultations with worker representatives. KPS intends to leverage its extensive experience in the packaging sector to drive growth for the newly independent company.