Mayr-Melnhof: Divestment of Eerbeek and Baiersbronn board mills finalized
News General news
The Mayr-Melnhof Group (“MM”) announces the closing of the divestment of its virgin fiber-based cartonboard mills located in Eerbeek, Netherlands, and Baiersbronn, Germany, to a subsidiary of funds managed by Oaktree Capital Management, L.P.
Source: Company news
The divestment is in line with MM’s strategy to focus on new acquisitions and growth capex.
The mills Eerbeek and Baiersbronn together have an annual capacity of about 245kt of virgin fiber-based cartonboard (FBB) produced on two board machines and employ approximately 400 people. Sales reached EUR 195 million in 2020.
Company profile: MM Packaging GmbH, Mayr-Melnhof Group, Austria, Wien
Company profile: Folding Boxboard Eerbeek B.V., Netherlands, Eerbeek
Company profile: Baiersbronn Frischfaser Karton GmbH, Germany, Baiersbronn
