KPS Capital Partners to Acquire MM Packaging from MM Group
Private equity firm KPS Capital Partners has agreed to buy MM Packaging from Mayr-Melnhof Karton AG, with MM Group retaining a 30% stake.
KPS Capital Partners, LP has entered into a binding agreement to acquire MM Packaging from Austrian paperboard and packaging manufacturer Mayr-Melnhof Karton AG, the New York-based private equity firm announced November 10, 2026. Under the terms of the deal, MM Packaging will be established as a standalone company independent of its current parent.
Mayr-Melnhof Karton AG, known as MM Group, will not exit the business entirely. The company is set to retain a 30% ownership stake in MM Packaging following the transaction's close, preserving a minority interest in the cartonboard packaging operation it has long operated.
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The transaction signals continued private equity appetite for packaging sector assets, a segment that has attracted significant deal activity in recent years as investors seek stable, inflation-resistant industrial businesses. KPS Capital Partners specializes in complex carve-outs and transformational acquisitions across manufacturing and industrial sectors.
By separating MM Packaging from MM Group, KPS aims to position the business for independent growth, a structure the firm has pursued in prior carve-out investments. MM Group, meanwhile, could redeploy proceeds toward its core karton and packaging operations while maintaining exposure to MM Packaging's performance through its retained equity stake.
Full terms of the transaction, including financial details and an expected closing timeline, were not disclosed in the announcement. Continue reading at All Financial Services & Investing.
