$2.8BPrivate equity buyoutMaterials & Chemicals
KPS buys MM Packaging from Mayr-Melnhof at €2.4B enterprise value
KPS Capital Partners signed a deal to acquire MM Packaging from Mayr-Melnhof Karton for an enterprise value of €2.4 billion, with MM Group keeping a 30% stake. The Vienna-based maker of folding cartons, labels and leaflets runs more than 50 plants in 19 countries with about 8,500 employees. It will become a standalone company.
Why it matters: KPS gains the world's largest producer of secondary pharmaceutical packaging and deepens its bet on the packaging sector.
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