18.06.2015

Mayr-Melnhof Packaging to acquire French specialty packaging converter

Mayr-Meinhof Packaging has made an offer to acquire the folding-carton operations of Ileos SA, owned by funds of Oaktree Capital Management L.P.

The company has five sites producing folding cartons for the pharmaceutical industry and two sites producing folding cartons for luxury articles and cosmetics. All sites are located in France. In 2014, Ileos sales amounted to approximately €115 million; about 26,000 tonnes of cartonboard and 6,000 tonnes of paper were converted.

The purchase price will be about €80 million. Customer portfolio as well as market share fit into the industrial growth strategy of MM Packaging. The transaction will be subject to customary closing conditions.


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