DGAP-News: Mayr-Melnhof Karton AG: Mayr-Melnhof Group grows and continues Consolidation on European Folding Carton Market strengthening its Position in Russia
(firmenpresse) - DGAP-News: Mayr-Melnhof Karton AG / Key word(s): Acquisition
Mayr-Melnhof Karton AG: Mayr-Melnhof Group grows and continues
Consolidation on European Folding Carton Market strengthening its
Position in Russia
07.11.2013 / 15:28
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MM Packaging today signed an agreement to acquire three A&R Carton sites
one each in St. Petersburg, Timashevsk, Southern Russia, and Augsburg,
Germany.
The market share and customer portfolio fit very well into the ongoing
growth strategy of MM Packaging and generate revenues worth EUR 122 million
in 2013. About 50,000 tons of cartonboard are converted per annum.
The operations concentrate on rotogravure printing, particularly for
tobacco packaging and general packaging for consumer goods manufacturers in
Russia respectively. Global relationships with customers will be further
strengthened through this growth step.
The preliminary purchase price will amount to approximately EUR 100
million.
'The core component of this acquisition lies in its high consolidation
potential, which should allow for an attractive value creation', comments
CEO, Mr. Wilhelm Hörmanseder on the strategic reasoning for the MM Group.
For further information please contact:
Stephan Sweerts-Sporck
Investor Relations
Mayr-Melnhof Karton AG
Brahmsplatz 6
A-1041 Vienna
Tel.: (+43/1) 50136 - 91180
Fax: (+43/1) 50136 - 91195
e-mail: investor.relations(at)mm-karton.com
Website: http://www.mayr-melnhof.com
End of Corporate News
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07.11.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Mayr-Melnhof Karton AG
Brahmsplatz 6
1040 Wien
Austria
Phone: 0043 1 501 36 91180
Fax: 0043 1 501 36 91391
E-mail: investor.relations(at)mm-karton.com
Internet: www.mayr-melnhof.com
ISIN: AT0000938204
WKN: 93820
Indices: ATX
Listed: Freiverkehr in Berlin, München, Stuttgart; Frankfurt in
Open Market ; Wien (Amtlicher Handel / Official Market)
End of News DGAP News-Service
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Unternehmensinformation / Kurzprofil:
Datum: 07.11.2013 - 15:28 Uhr
Sprache: Deutsch
News-ID 313974
Anzahl Zeichen: 3694
contact information:
Kategorie:
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