Texte Alternatif

The acquisition of Essentra Packaging implements MM Packaging's strategy to grow in profitable and resilient segments such as pharma secondary packaging and strengthens its position in the European pharma carton & leaflets market.

In addition, this acquisition will expand MM’s footprint into the US market with an important position in the East-Coast pharma hub. Essentra Packaging has reported 2021 sales of currently approx. 430m€. Essentra Packaging has 21 manufacturing sites in 10 countries in Europe and North America ideally complementing MM Packaging’s current positions in the Nordics through recently acquired Eson Pac and its legacy business in France. The company delivers to a global customer base of 800+ customers, including 19 of the top 20 pharma companies. Essentra Packaging employs more than 3,500 people.

The purchase price will be paid from existing cash reserves and committed credit lines. The transaction is subject to the fulfilment of customary closing conditions (e.g. regulatory approvals). Closing of the transaction is expected in Q4 2022.

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