Board & Paper
Divestment of Eerbeek and Baiersbronn board mills finalized
The Mayr-Melnhof Group announces the closing of the divestment of its virgin fiber cartonboard mills located in Eerbeek, Netherlands, and Baiersbronn, Germany, to a subsidiary of funds
The Mayr-Melnhof Group (“MM”) announces the closing of the divestment of its virgin fiber cartonboard mills located in Eerbeek, Netherlands, and Baiersbronn, Germany, to a subsidiary of funds managed by Oaktree Capital Management, L.P. The divestment is in line with MM’s strategy to focus on new acquisitions and growth capex.
Eerbeek and Baiersbronn together have an annual capacity of about 245kt of virgin fiber cartonboard (FBB) produced on two board machines and employ approximately 400 people. Sales reached EUR 195 million in 2020.
