#None #Vienna #KPS Capital Partners #MM Packaging #MM Group

KPS Capital Partners Set to Acquire MM Packaging

In a significant move within the manufacturing sector, KPS Capital Partners, LP has entered into a definitive agreement to acquire MM Packaging from Mayr-Melnhof Karton AG (MM Group) for a substantial enterprise value of €2.4 billion. This acquisition marks a pivotal transition for MM Packaging, which will become a standalone company while retaining its name.

Details of the Acquisition

The agreement, finalized on November 9, 2026, outlines that MM Group will keep a 30% ownership interest in MM Packaging, facilitating a unique collaboration between the two firms in the years ahead. The completion of this transaction, however, hinges on customary regulatory and corporate approvals, along with certain consultations with worker representatives specifically concerning operations in France.

Headquartered in Vienna, Austria, MM Packaging is renowned as a global leader in consumer packaging products. It specializes in the manufacturing of folding cartons, labels, and leaflets that cater to numerous industries, including food and beverage, pharmaceuticals, healthcare, beauty and personal care, and household care. With over 50 production sites across 19 countries and around 8,500 employees, MM Packaging stands as the world’s foremost producer of secondary pharmaceutical packaging and is also a leading provider of folding cartons for food products in Europe.

Strengthening Market Position

Michael Psaros, Co-Founder and Co-Managing Partner of KPS, expressed his enthusiasm about the acquisition, stating, “MM Packaging is an industry-leading business, and we are excited to take it to the next level as an independent company.” He emphasized KPS's commitment to leveraging their extensive experience and resources in the packaging sector to foster significant growth for MM Packaging.

With a rich history of over 20 years, MM Packaging maintains solid relationships with many prominent companies in the food, consumer goods, and pharmaceutical industries. The backing from KPS is set to enhance their capabilities even further. Conversely, Peter Oswald, CEO of MM Group, noted that this transition would accelerate MM Packaging’s growth trajectory. He also highlighted that their retained 30% stake enables MM Group to remain engaged in value creation, underscoring their trust in KPS's expertise.

About KPS Capital Partners

KPS Capital Partners has built a strong reputation in the investment landscape, managing approximately $19.1 billion in assets as of June 30, 2026. For over thirty years, KPS has concentrated on making controlling equity investments in a variety of manufacturing and industrial sectors. Their strategy focuses on enhancing operational efficiencies and improving the strategic positioning of their portfolio, rather than solely relying on financial leverage.

Their diverse portfolio includes companies operating in essential materials, consumer products, healthcare, and automotive parts, generating annual revenues of around $26.1 billion. KPS's proven track record rests on collaborating with talented management teams to drive improvements and achieve notable investment returns.

About MM Group

The MM Group stands as a global leader in fiber-based consumer packaging and is committed to sustainability. Their innovative portfolio, which includes cartonboard, folding cartons, and labels, emphasizes recyclability and environmental responsibility. Being publicly listed, MM Group aligns itself with long-term sustainability goals while maintaining a keen focus on environmental accountability.

In summary, this acquisition solidifies KPS Capital Partners' position within the packaging industry while promising a brighter future for MM Packaging as it embarks on this new independent phase. Stakeholders are keenly observing how this powerful partnership will unfold, creating dialogues around sustainability and innovation in consumer packaging.

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