#USA #New York #KPS Capital Partners #MM Packaging #Mayr-Melnhof

KPS Capital Partners Will Acquire MM Packaging

In a significant move within the packaging industry, KPS Capital Partners, LP has signed a definitive agreement to acquire MM Packaging from Mayr-Melnhof Group for a total enterprise value of €2.4 billion. This strategic acquisition is set to transform MM Packaging into a standalone entity while MM Group retains a 30% ownership stake in the business.

Overview of the Transaction

The agreement is subject to customary regulatory and corporate approvals, along with additional consultations specific to the French operations before completion. Once the transaction is finalized, MM Packaging will continue to operate independently, maintaining its established identity and brand presence.

MM Packaging is well-respected globally for its production of packaging solutions tailored for consumer products, including folding cartons, labels, and inserts. These products cater particularly to sectors such as food and beverages, pharmaceuticals, personal care, and home care, solidifying its position as a key player in these industries.

Company Profile

Headquartered in Vienna, Austria, MM Packaging boasts over 50 production facilities across 19 countries and employs approximately 8,500 professionals. It is recognized as the largest manufacturer of secondary packaging for pharmaceutical products globally, and it also leads as a supplier of folding cartons for the food industry throughout Europe. The company has fostered long-term relations with many of the world’s top brands in food, consumer goods, and pharmaceuticals, with significant customer partnerships averaging more than two decades.

Michael Psaros, co-founder and managing partner at KPS, expressed enthusiasm about the acquisition, stating, "MM Packaging is a market-leading firm, and we are excited to evolve it as an independent entity to the next level of growth. We appreciate the trust that MM Group places in KPS and anticipate a productive partnership. With our extensive experience in the packaging sector, covering paper, carton, and metal substrates, we aim to drive MM Packaging's growth through our industry expertise and financial resources."

Future Prospects

Peter Oswald, CEO of MM Group, noted, "This transaction presents an opportunity for MM Packaging to accelerate its growth trajectory under KPS's guidance, a firm that has proven its capability in leading large, globally operating manufacturing and industrial companies. Our remaining 30% stake allows MM Group to partake in the future value creation of MM Packaging under KPS ownership. We look forward to this partnership."

Legal counsel for the transaction includes Paul, Weiss, Rifkind, Wharton and Garrison LLP, alongside Schönherr. Financial advisory services have been provided by Barclays Bank Ireland plc and Citi for KPS.

About KPS Capital Partners

KPS Capital Partners, LP administers the KPS Special Situations Funds, a collective of investment funds with approximately $19.1 billion in assets under management as of June 30, 2026. The firm has a track record spanning over three decades in acquiring controlling interests in manufacturing and industrial companies across various sectors, including consumer goods and health products, which aims to realize substantial capital growth.

KPS is dedicated to creating value for its investors by working constructively with talented management teams to enhance businesses and achieve investment returns through strategic improvement of their operational efficiency, rather than relying primarily on financial leverage. The portfolio companies under KPS Funds generate about $26.1 billion in annual revenue, operate 277 production facilities in 25 countries, and collectively employ around 62,000 people.

About MM Group

Founded on the principles of providing better living standards on a sustainable planet, the MM Group is a leader in fiber-based consumer packaging. Their innovation-driven portfolio includes cartons, folding boxes, kraft and fine papers, inserts, and labels, optimizing recyclability at its core. As a publicly traded enterprise, MM Group stands committed to balancing long-term business goals with ecological responsibility.