EQS-Adhoc: Mayr-Melnhof Karton AG: Mayr-Melnhof Group acquires Essentra Packaging

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.

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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.

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24-Jun-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com

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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

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