Mayr-Melnhof Group acquisition of the Kwidzyn plant successfully completed
The Mayr-Melnhof Group (MM) has completed the acquisition of the Kwidzyn plant, Poland, agreed in mid-February 2021, with the approval of all relevant competition authorities. The acquisition of Kwidzyn is part of MM's strategy to grow high-quality virgin fiber board (FBB) with innovative, sustainable and cost-efficient grades. In addition, MM diversifies the product portfolio by integrating an attractive pulp and paper production with a focus on uncoated fine paper (UWF) and packaging kraft papers. In line with the expanded product range, the MM Karton division is renamed MM Board & Paper. "I am pleased that we are entering two new core businesses with uncoated fine paper and packaging kraft paper. MM Kwidzyn will drive our innovations for more sustainable packaging solutions in the growing virgin fiber board market and also create attractive new perspectives through the integration of pulp and paper at a European location with cost advantages. We look forward to a successful collaboration with our new colleagues, ”comments Peter Oswald, CEO of the MM Group.