KPS Capital Partners to Acquire MM Packaging from MM Group

KPS Capital Partners, LP has entered a definitive agreement to acquire MM Packaging from Mayr-Melnhof Karton AG for €2.4 billion. MM Group will maintain a 30% stake in MM Packaging. The transaction awaits corporate and regulatory approvals, along with consultations with worker representatives in France. Once finalized, MM Packaging will become an independent entity, retaining its name.

Headquartered in Vienna, MM Packaging is a leading global manufacturer of consumer packaging products, operating over 50 production sites in 19 countries and employing around 8,500 people. It holds a significant market position in secondary pharmaceutical packaging and folding cartons for food in Europe.

Michael Psaros of KPS emphasized the alignment with MM Group and leveraging KPS's industry expertise. MM Group's CEO welcomed the partnership, highlighting growth potential under KPS's leadership.