#USA #New York #KPS Capital #MM Packaging #MM Group

KPS Capital Partners to Acquire MM Packaging

KPS Capital Partners, LP, a prominent investment firm, has officially signed a definitive agreement to acquire MM Packaging from MM Group for a transaction valued at €2.4 billion. The announcement, made on November 10, 2026, indicates that MM Group will retain a 30% stake in MM Packaging post-acquisition, allowing for a continued partnership while enabling MM Packaging to operate independently.

About the Acquisition

This transaction is still pending necessary regulatory approvals and customary conditions, along with consultations with worker representatives regarding operations in France. Once finalized, MM Packaging will continue to operate under its existing name and maintain its status as an independent entity. Michael Psaros, co-founder and co-managing partner of KPS, expressed enthusiasm about bringing MM Packaging into its fold, indicating that the investment firm is prepared to leverage its extensive experience in the packaging sector to facilitate further growth and operational excellence at MM Packaging.

MM Packaging is recognized as a global leader in consumer packaging solutions. It specializes in producing folding cartons, labels, and inserts for a diverse range of industries, including food and beverages, pharmaceuticals, cosmetics and personal care, and household goods. Headquartered in Vienna, Austria, the company boasts a presence in 19 countries with over 50 production sites and a workforce of approximately 8,500 employees. Notably, MM Packaging is the largest global producer of secondary pharmaceutical packaging and a prominent manufacturer of folding cartons for the food industry in Europe. The company has cultivated long-standing relationships with many of the world's leading firms across the food, consumer goods, and pharmaceutical sectors, with key customer relationships averaging over two decades.

Peter Oswald, CEO of MM Group, remarked on the potential of this transaction to accelerate MM Packaging's growth. He highlighted KPS's proven track record in managing large-scale industrial and manufacturing companies and expressed confidence in their ability to enhance MM Packaging's value. The retained 30% stake allows MM Group to participate in the company's future value creation strategies while benefiting from KPS’s management expertise.

KPS's Investment Strategy

KPS Capital Partners, managing approximately $19.1 billion in assets as of June 30, 2026, has a history of investing in various sectors, including industrial manufacturing and consumer goods. Over three decades, KPS has primarily focused on acquiring majority stakes in manufacturing and industrial businesses, endeavoring to generate substantial returns for investors by working collaboratively with management teams. This approach includes improving operational efficiency, strategic positioning, and profitability rather than relying heavily on financial leverage.

The KPS portfolio comprises companies that collectively generate annual revenues exceeding $26.1 billion, operating 277 manufacturing facilities across 25 countries and employing around 62,000 individuals globally. The investment firm's commitment to operational excellence will likely play a pivotal role in MM Packaging's future growth trajectory.

About MM Group

MM Group is recognized as a leading global provider of fiber-based consumer packaging solutions. The company's mission is to enhance lives by promoting sustainable practices through its innovative products, including corrugated boxes, folding cartons, and labels—all designed with recyclability at the core. As a public company, MM Group emphasizes a long-term vision paired with a firm commitment to environmental responsibility.

The acquisition of MM Packaging by KPS Capital Partners signifies a strategic move to bolster both companies' positions within the global packaging industry, setting the stage for enhanced growth and innovation in the years to come.