Acquisition of Kotkamills successfully completed

The Mayr-Melnhof Group (MM) has completed the acquisition of Kotkamills, Finland, agreed in December 2020, with the approval of all relevant competition authorities. With the acquisition, MM strengthens its position on the virgin fiber board (FBB) market with an attractive range of barrier board solutions that can replace PE (polyethylene) -coated board. MM is also entering the growing market for cardboard for paper cups (cup stock). The acquisition complements MM’s established market position in recycled cardboard. In addition, MM is diversifying its product range with Saturating Kraft Paper / Impregnation paper, in which Kotkamills is one of the world’s leading producers.

“MM Kotkamills will play a strong and dynamic role within MM as an innovator in cardboard for modern paper cups, the water-dispersion-based coating of which is already carried out on-line in the cardboard machine. Our medium-term goal is to bring the sales volume to a capacity of around 400,000 t of carton per year. We look forward to a successful collaboration with our new colleagues, “comments Peter Oswald, CEO of the MM Group.

MM Kotkamills operates the most modern virgin fiber board machine in Europe (built in 2016) as well as a machine for Saturating Kraft Paper / impregnation paper with a capacity of 170,000 t and a sawmill. The plant employs around 500 people and generated sales of around EUR 380 million in 2020.
https://www.mm.group/newsroom/presseaussendungen/akquisition-von-kotkamills-erfolgreich-abgeschlossen/

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