EQS-News: Mayr-Melnhof Karton AG: Acquisition of Essentra Packaging successfully completed

EQS-News: Mayr-Melnhof Karton AG / Key word(s): Mergers & Acquisitions
Mayr-Melnhof Karton AG: Acquisition of Essentra Packaging successfully
completed

02.10.2022 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

══════════════════════════════════════════════════════════════════════════

MM Packaging becomes a global player in secondary Healthcare & Pharma
packaging

The Mayr-Melnhof Group (MM) has successfully finalized the acquisition of
Essentra Packaging which was agreed in June 2022, after receiving approval
from all relevant competition authorities. The transaction comprises of
100% of the shares in ESNT Packaging & Securing Solutions Limited (UK) and
100% of the shares in Essentra Packaging US Inc (US) as well as their
affiliated companies. Through this acquisition, MM Packaging expands its
cartons, leaflets and labels activities for the resilient and profitable
Healthcare & Pharma market creating an attractive platform for further
growth.

Essentra Packaging has 21 manufacturing sites in 10 countries throughout
Europe, US Mainland and Puerto Rico ideally complementing MM Packaging’s
current position in pharma packaging in the Nordics and France. Essentra
Packaging employs about 3,500 people and reported 2021 sales of c. GBP 370
million (currently approx. EUR 410 million).

Peter Oswald, CEO of MM Group, highlights, “Essentra Packaging is a
game-changer for us, positioning MM as a global player in secondary pharma
packaging, enabling more innovation and more investment in sustainability.
We have identified attractive synergies and upside potential which we will
leverage through the integration. Together with the team of Essentra
Packaging we are fully geared to shape the future of pharma packaging.”

MM is a leading global producer of cartonboard and folding cartons with an
attractive offer in kraft papers and uncoated fine papers for various end
applications. MM promotes sustainable development through innovative,
recyclable packaging and paper products.

For further information, please contact:
Stephan Sweerts-Sporck, Investor Relations
Mayr-Melnhof Karton AG, Brahmsplatz 6, A-1040 Vienna, Austria
Tel.: (+43/1) 50136 – 91180, e-mail: investor.relations@mm.group
Website: [1] https://www.mm.group

 

══════════════════════════════════════════════════════════════════════════

02.10.2022 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com

══════════════════════════════════════════════════════════════════════════

Language: English
Company: Mayr-Melnhof Karton AG
Brahmsplatz 6
1040 Wien
Austria
Phone: 0043 1 501 36 91180
Fax: 0043 1 501 36 91391
E-mail: investor.relations@mm.group
Internet: www.mm.group
ISIN: AT0000938204
WKN: 93820
Indices: ATX
Listed: Regulated Unofficial Market in Berlin, Frankfurt (Basic
Board), Munich, Stuttgart; Vienna Stock Exchange (Official
Market)
EQS News ID: 1454135

 
End of News EQS News Service

1454135  02.10.2022 CET/CEST

References

Visible links
1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=845fe231644e7567d3a8eed3b73511ec&application_id=1454135&site_id=apa_ots_austria&application_name=news

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS. www.ots.at
© Copyright APA-OTS Originaltext-Service GmbH und der jeweilige Aussender

Kommentare sind geschlossen, aber trackbacks und Pingbacks sind offen.