Mayr-Melnhof Group completes acquisition of Kotkamills in Finland

Fuente:
MM/Fordaq
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The Mayr-Melnhof Group (MM) has completed the acquisition of Kotkamills, Finland, which was agreed in December 2020, after receiving approval from all relevant competition authorities. Through the acquisition, MM strengthens its position in the virgin fiber cartonboard (FBB) market with an attractive range of barrier cartonboard solutions that can replace PE (polyethylene) -coated cartonboard. Moreover, MM enters the growing cupstock market.

This acquisition complements MM’s established market position in recycled cartonboard. In addition, MM diversifies the business with Saturating Kraft Paper in which Kotkamills is one of the global leaders.

MM Kotkamills operates the most modern virgin fiber board machine in Europe (built in 2016) as well as a machine for Saturating Kraft Paper with a capacity of 170,000 t and a sawmill. The mill employs approximately 500 people and generated sales of around Euro 380 million in 2020.

 

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