Mayr-Melnhof Packaging has made a first step into the region of Latin America and announces the acquisition of a 70% participation in Marinetti SA, located in Santiago de Chile. The former family shareholders hold the remaining shares. The company produces folding carton packaging for multinational as well as local producers of branded goods. The site employs some 650 people and generates annual sales of approximately €45m. A significant investment programme shall broaden the technological basis and support the exploitation of market potential also in the neighbouring countries. The closing of the transaction is subject to specific conditions precedent.