Acquisition of Kotkamills successfully completed
MM strengthens its position in virgin-fibre based cartonboard and innovative barrier cartonboard solutions for plastic replacement.
“MM Kotkamills will take a strong and dynamic position within MM as the innovator in novel cupstock solutions with water-based dispersion barriers applied by on-line technology. Our medium-term objective is to raise the sales volume to the capacity of close to 400,000 t of cartonboard per annum. We are looking forward to a successful cooperation with our new colleagues,” says Peter Oswald CEO of the MM Group.
MM Kotkamills operates the most modern virgin fiber board machine in Europe (built in 2016) as well as a machine for Saturating Kraft Paper with a capacity of 170,000 t and a sawmill. The mill employs approximately 500 people and generated sales of around EUR 380 million in 2020.
MM is Europe’s largest producer of cartonboard and folding cartons focusing on sustainable and innovative fiber-based packaging solutions. In 2020, the group generated sales of around EUR 2.5 billion and employed approx. 10,000 people.
For more information on MM Kotkamills visit https://kotkamills.com/
