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Mayr-Melnhof Karton AG completed its acquisition of Finnish cartonboard and saturating kraft paper maker Kotkamills on 2 August 2021, after regulatory approvals. The deal strengthens MM's virgin-fiber cartonboard position and adds cupstock.
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.
