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Mayr-Melnhof Karton to acquire Kotkamills

By devjelliby

Mayr-Melnhof Group has agreed to acquire Kotkamills Group Oyj (“Kotkamills”) from its shareholders for an Enterprise Value of around EUR 425 million, representing ca. 7.8x LTM EBITDA. The addition of Kotkamills will grow MMK’s position in the attractive virgin fiber based cartonboard (FBB) and Food Service Board (FSB) market, complementing its established position in recycled … Continued