KPS to buy 70% of Mayr-Melnhof's packaging business

Austria's Mayr-Melnhof Group has signed a binding agreement to place its packaging business (Food & Premium Packaging excluding Iran and Tunisia, plus Pharma & Healthcare Packaging) in a new holding company in which the investor KPS will hold 70% and Mayr-Melnhof 30%. The enterprise value is €2.4 bn; Mayr-Melnhof expects cash proceeds of about €1.8 to 1.9 bn and then plans a special distribution of €0.5 to 0.6 bn to shareholders. Closing is expected in the first half of 2027, with works-council consultations in France beforehand. Single source: the company's ad hoc announcement, no second source checked (Mayr-Melnhof, 09.11.2026).