Kotkamills joins MM Group, Europe’s leading cartonboard producer – a historic event for both companies
The Mayr-Melnhof Group (MM) has completed the acquisition of Kotkamills, Finland, which was agreed in December 2020, after receiving approval from all relevant competition authorities. Through the acquisition, MM strengthens its position in the virgin fibre cartonboard (FBB) market with an attractive range of barrier cartonboard solutions that can replace PE (polyethylene) -coated cartonboard. Moreover, MM enters the growing cupstock market. This acquisition complements MM’s established market position in recycled cartonboard. In addition, MM diversifies the business with Saturating Kraft Paper in which Kotkamills is one of the global leaders.
”MM Kotkamills will take a strong and dynamic position within MM as the innovator in novel cupstock solution based on water-based dispersion barriers applied by on-line technology. Our medium-term objective is to raise the sales volume to the capacity of close to 400,000 t of cartonboard per annum. We are looking forward to a successful cooperation with our new colleagues,” says Peter Oswald CEO of the MM Group.
MM is Europe’s largest producer of cartonboard and folding cartons focusing on sustainable and innovative fiber-based packaging solutions. In 2020, the group generated sales of around EUR 2.5 billion and employed approx. 10,000 people.
For more information on MM visit https://www.mm-boardpaper.com/