02.08.2021, 2275 Zeichen

Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.MM strengthens its position in virgin-fiber based cartonboard and innovativebarrier cartonboard solutions for plastic replacementNo KeywordVienna - The Mayr-Melnhof Group (MM) has completed the acquisition ofKotkamills, Finland, which was agreed in December 2020, after receiving approvalfrom all relevant competition authorities. Through the acquisition, MMstrengthens its position in the virgin fiber cartonboard (FBB) market with anattractive range of barrier cartonboard solutions that can replace PE(polyethylene) -coated cartonboard. Moreover, MM enters the growing cupstockmarket. This acquisition complements MM's established market position inrecycled cartonboard. In addition, MM diversifies the business with SaturatingKraft Paper in which Kotkamills is one of the global leaders."MM Kotkamills will take a strong and dynamic position within MM as theinnovator in novel cupstock solutions based on water-based dispersion barriersapplied by on-line technology. Our medium-term objective is to raise the salesvolume to the capacity of close to 400,000 t of cartonboard per annum. We arelooking forward to a successful cooperation with our new colleagues," says PeterOswald 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 capacityof 170,000 t and a sawmill. The mill employs approximately 500 people andgenerated sales of around EUR 380 million in 2020.MM is Europe's largest producer of cartonboard and folding cartons focusing onsustainable and innovative fiber-based packaging solutions. In 2020, the groupgenerated sales of around EUR 2.5 billion and employed approx. 10,000 people.end of announcement euro adhocissuer: Mayr-Melnhof Karton AG Brahmsplatz 6 A-1040 Wienphone: +43 1 50 136FAX:mail: investor.relations@mm-karton.atWWW: www.mayr-melnhof.comISIN: AT0000938204indexes: ATX, ATX PRIMEstockmarkets: Wienlanguage: EnglishDigital press kit: http://www.ots.at/pressemappe/33715/aom

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