MM Packaging to become a standalone company - MM Group to retain a 30% stake

New York, November 10, 2026 - KPS Capital Partners, LP ("KPS") has signed a binding agreement to acquire MM Packaging (the "Company") from Mayr-Melnhof Karton AG ("MM Group") at an enterprise value of EUR 2.4 billion. MM Group will retain a 30% stake in the Company. Completion of the transaction is subject to the required corporate and regulatory approvals and other customary conditions; the acquisition of the French business additionally requires consultation procedures with employee representatives. Following completion, MM Packaging will continue as a standalone company and retain the MM Packaging name.

MM Packaging is a global manufacturer of consumer packaging products, including folding cartons, labels and leaflets, for the food and beverage, pharmaceutical and healthcare, beauty and personal care, and home care sectors. Headquartered in Vienna, Austria, the Company operates more than 50 production sites in 19 countries and has around 8,500 employees. It is the world's largest manufacturer of secondary packaging for pharmaceutical products and a leading manufacturer of folding cartons for food in Europe. MM Packaging maintains long-standing relationships with many of the world's leading food, consumer goods and pharmaceutical companies, with its key customer relationships averaging more than 20 years.

According to Michael Psaros, Co-Founder and Managing Partner of KPS, MM Packaging is an industry-leading company that KPS looks forward to taking to the next level as an independent business. He said KPS appreciates the trust MM Group has placed in it, has achieved exceptional success investing in packaging across paper, board and metal substrates, and will use its industry experience, financial resources, commitment to manufacturing excellence and global footprint to drive MM Packaging's growth. (Quote rendered in paraphrase.)

Peter Oswald, CEO of MM Group, said in essence that the transaction will allow MM Packaging to accelerate its growth under KPS's leadership, a firm with proven expertise in running large global manufacturing and industrial companies, and that through its remaining 30% stake MM Group can participate in the future value creation of MM Packaging under KPS ownership. (Quote rendered in paraphrase.)

Advisors to KPS Capital Partners:
Legal: Paul, Weiss, Rifkind, Wharton & Garrison LLP; Schönherr
Financial: Barclays Bank Ireland plc; Citi

This text was automatically translated from the German original.