# MM Board & Paper to acquire Kotkamills for EUR 425 million

MM Group agreed to acquire Kotkamills Group Oyj from its shareholders for an enterprise value of around EUR 425 million. Kotkamills operates a cartonboard mill in Kotka, Finland, and closing is expected by mid-2021.

- Type: Acquisition
- Announced: 2020-12-09
- Where: Kotka, Finland
- Value: $517.0M (425.0M EUR)
- Status: announced
- Capacity: planned FBB/FSB capacity of 400kt
- Products: virgin fiber cartonboard, food service board, saturated kraft paper
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [MM Group](https://endata.com/companies/7339.md) (acquirer)
- [Kotkamills Group Oyj](https://endata.com/companies/7340.md) (target)

## Sources

- [mm.group](https://mm.group/news/board-paper/mayr-melnhof-karton-to-acquire-kotkamills/), 2020-12-08: "MM Group has agreed to acquire Kotkamills Group Oyj ("Kotkamills") from its shareholders for an Enterprise Value of around EUR 425 million."

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