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:      [email protected]
   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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