EANS-News: Mayr-Melnhof Karton AG / Acquisition of Kotkamills successfully completed CNE

8/2, 5:45 PM (Source: euro adhoc)
  Corporate news transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is responsible for the content of this announcement.

MM strengthens its position in virgin-fiber based cartonboard and innovative
barrier cartonboard solutions for plastic replacement

No Keyword

Vienna - The Mayr-Melnhof Group (MM) has completed the acquisition of
Kotkamills, Finland, which was agreed in December 2020, after receiving approval
from all relevant competition authorities. Through the acquisition, MM
strengthens its position in the virgin fiber cartonboard (FBB) market with an
attractive range of barrier cartonboard solutions that can replace PE
(polyethylene) -coated cartonboard. Moreover, MM enters the growing cupstock
market. This acquisition complements MM's established market position in
recycled cartonboard. In addition, MM diversifies the business with Saturating
Kraft Paper in which Kotkamills is one of the global leaders.

"MM Kotkamills will take a strong and dynamic position within MM as the
innovator in novel cupstock solutions based on water-based dispersion barriers
applied by on-line technology. Our medium-term objective is to raise the sales
volume to the capacity of close to 400,000 t of cartonboard per annum. We are
looking forward to a successful cooperation with our new colleagues," says 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 with a capacity
of 170,000 t and a sawmill. The mill employs approximately 500 people and
generated sales of around EUR 380 million in 2020.

MM is Europe's largest producer of cartonboard and folding cartons focusing on
sustainable and innovative fiber-based packaging solutions. In 2020, the group
generated sales of around EUR 2.5 billion and employed approx. 10,000 people.

Further inquiry note:
For further information, please contact:
Stephan Sweerts-Sporck
Investor Relations
Mayr-Melnhof Karton AG
Brahmsplatz 6, A-1040 Vienna, Austria
Tel.: (+43/1) 50136 - 91180
e-mail: investor.relations@mm-karton.com

end of announcement                         euro adhoc

issuer:       Mayr-Melnhof Karton AG
              Brahmsplatz 6
              A-1040 Wien
phone:        +43 1 50 136
mail:         investor.relations@mm-karton.at
WWW:          www.mayr-melnhof.com
ISIN:         AT0000938204
indexes:      ATX, ATX PRIME
stockmarkets: Wien
language:     English

EAX0008    2021-08-02/17:45

Ad-hoc-Mitteilung übermittelt durch euro adhoc.
Für den Inhalt ist der Emittent verantwortlich.