<

MAYR-MELNHOF KARTON AG (FRA:MYM) EQS-Adhoc: Mayr-Melnhof Karton AG: Mayr-Melnhof Group acquires Essentra Packaging

Transparency directive : regulatory news

24/06/2022 08:00

EQS-Ad-hoc: Mayr-Melnhof Karton AG / Key word(s): Mergers & Acquisitions
Mayr-Melnhof Karton AG: Mayr-Melnhof Group acquires Essentra Packaging

24-Jun-2022 / 08:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Mayr-Melnhof Group (MM) has agreed to acquire Essentra Packaging (100% of the shares in ESNT Packaging & Securing Solutions Limited (UK) and its affiliated companies, as well as 100% of the shares in Essentra Packaging US Inc (US)) from Essentra plc (UK) for a cash and debt free consideration of GBP 312 million (currently approx. EUR 365 million).

The acquisition of Essentra Packaging implements MM Packaging's strategy to grow in profitable and resilient segments such as pharma secondary packaging and strengthens its position in the European pharma carton & leaflets market. In addition, this acquisition will expand MM’s footprint into the US market with an important position in the East-Coast pharma hub.

Essentra Packaging has reported 2021 sales of c. GBP 370 million (currently approx. EUR 430 million). Essentra Packaging has 21 manufacturing sites in 10 countries in Europe and North America ideally complementing MM Packaging’s current positions in the Nordics through recently acquired Eson Pac and its legacy business in France. The company delivers to a global customer base of 800+ customers, including 19 of the top 20 pharma companies. Essentra Packaging employs more than 3,500 people.

The purchase price will be paid from existing cash reserves and committed credit lines. The transaction is subject to the fulfilment of customary closing conditions (e.g. regulatory approvals). Closing of the transaction is expected in Q4 2022.


24-Jun-2022 CET/CEST News transmitted 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: 1382757

 
End of Announcement EQS News Service

1382757  24-Jun-2022 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1382757&application_name=news&site_id=symex


Other stories

29/03/2024 10:28
29/03/2024 10:56
29/03/2024 10:58
29/03/2024 11:44
29/03/2024 11:20
29/03/2024 07:00
28/03/2024 13:58
29/03/2024 10:26
29/03/2024 10:35
28/03/2024 23:55
29/03/2024 10:30
29/03/2024 11:32
29/03/2024 10:09
29/03/2024 11:21
29/03/2024 09:14
29/03/2024 03:23
29/03/2024 01:21
29/03/2024 11:14
27/03/2024 15:52
27/03/2024 19:23
28/03/2024 12:03
27/03/2024 22:02
29/03/2024 10:24
28/03/2024 21:58
29/03/2024 07:10
29/03/2024 01:27
29/03/2024 11:06
29/03/2024 07:21
28/03/2024 23:20
29/03/2024 11:57
29/03/2024 01:26
27/03/2024 21:46
25/03/2024 11:47
28/03/2024 17:55
29/03/2024 00:01
28/03/2024 13:25
28/03/2024 06:00
28/03/2024 11:40