# Mayr-Melnhof Karton to sell TANN Group to Evergreen Hill for EUR 360M

Mayr-Melnhof Karton agreed to sell 100% of TANN Group, a tipping paper producer with seven sites and about 730 employees, to Evergreen Hill Enterprise for an enterprise value of EUR 360 million. Closing is expected in Q1 2025.

- Type: Acquisition
- Announced: 2024-12-20
- Where: Traun, Austria, Austria
- Value: $390.0M (360.0M EUR)
- Status: announced
- Products: tipping paper

## Companies

- [Mayr-Melnhof Karton](https://endata.com/companies/8237.md) (partner)
- [Evergreen Hill Enterprise](https://endata.com/companies/12602.md) (acquirer)

## Sources

- [pulpapernews.com](https://www.pulpapernews.com/20241220/16294/mayr-melnhof-karton-sell-tann-group-eur-360-million), 2024-12-20: "Mayr-Melnhof Karton AG (MM) has agreed with Evergreen Hill Enterprise, Pte. Ltd. on the sale of 100 % of the shares in TANN Group"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.