MM Group Divests Majority Stake in Packaging Business to KPS Capital

Mayr-Melnhof Karton AG (MM Group) has announced the sale of a majority stake in its Packaging business to KPS Capital Partners. KPS will acquire a 70% stake, with MM Group retaining 30%, aiming to foster independent growth for the Packaging division. The transaction values the business at EUR 2.4 billion.

Proceeds from the sale, estimated between EUR 1.8 and 1.9 billion, will be used by MM Group to repay debt and invest strategically. There are plans for a special distribution to shareholders totalling EUR 0.5 to 0.6 billion. Post-transaction, MM Group will focus on its Board & Paper sector.

The transaction is expected to close in the first half of 2027, subject to regulatory approvals. MM Group will continue to supply cartonboard to the Packaging business under a long-term agreement.