Mayr-Melnhof Karton to Sell 70% of Packaging Business to KPS Capital Partners

11:50 PM EST, 11/09/2026 (MT Newswires) -- Mayr-Melnhof Karton (MMK.VI) agreed to sell a 70% stake in its packaging business to private equity firm KPS Capital Partners. Under the deal, which values the packaging business at an enterprise value of 2.4 billion euros, the business, comprising its food and premium packaging operations and its pharmaceutical and healthcare packaging operations, will be transferred to a new holding company, according to a Monday release. Mayr-Melnhof Karton will retain a 30% stake in the new holding company upon completion. The transaction excludes the Austria-based paper and packaging company's operations in Iran and Tunisia. It said the sale will allow it to focus on its board and paper business. Net proceeds are earmarked for debt repayment, strategic opportunities, and distribution to shareholders.