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MM Group sold its packaging subsidiary MM Bangor to Cordovan Capital, with MP Corporate Finance as exclusive financial advisor to the seller. MM Bangor had been acquired by MM Group in October 2022 as part of Essentra Packaging.
MM Group agreed to acquire International Paper (Poland) Holding, owner of the Kwidzyn integrated pulp and paper mill in Poland, for about EUR 670 million debt- and cash-free, with closing expected in Q3 2021.
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.