DGAP-Adhoc: Mayr-Melnhof Karton AG: Mayr-Melnhof Group acquires TANN Group

2018. október 18., csütörtök, 19:56





DGAP-Ad-hoc: Mayr-Melnhof Karton AG / Key word(s): Takeover


Mayr-Melnhof Karton AG: Mayr-Melnhof Group acquires TANN Group


18-Oct-2018 / 19:56 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Mayr-Melnhof Packaging has come to an agreement with the owners of TANN Group on the 100% acquisition of the group headquartered in Traun, Austria.



TANN Group prints on and finishes externally sourced fine paper to produce tipping paper (cigarette filter paper) and is the global market leader in this area. Annual sales of approximately EUR 230 million are generated by 8 production sites in 7 countries and a worldwide workforce of around 1,100 employees, who are taken over.



Through this acquisition MM Packaging extends its present position in cigarette packaging by the technologically closely related production of tipping paper. The aim is to further strengthen the profitability of MM Packaging along with the expansion of the value chain. Moreover, the development of the sites shall create new potential.



Pending the approval of the antitrust authorities the closing is expected by year-end 2018 or the beginning of 2019. The equity purchase price will amount to approximately EUR 275 million.



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A conference call on the TANN Group acquisition with the MM CEO Wilhelm Hörmanseder is scheduled for October 19, 2018 at 9:30 a.m. (CET). Details and presentation on our homepage http://www.mayr-melnhof.com.




For further information, please contact:

Stephan Sweerts-Sporck

Investor Relations

Mayr-Melnhof Karton AG

Brahmsplatz 6

A-1040 Vienna

Tel.: (+43/1) 50136 - 91180

Fax: (+43/1) 50136 - 91195

e-mail: investor.relations@mm-karton.com

Website
: http://www.mayr-melnhof.com











18-Oct-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



























Language: English
Company: Mayr-Melnhof Karton AG

Brahmsplatz 6

1040 Wien

Austria
Phone: 0043 1 501 36 91180
Fax: 0043 1 501 36 91391
E-mail: investor.relations@mm-karton.com
Internet: www.mayr-melnhof.com
ISIN: AT0000938204
WKN: 93820
Indices: ATX
Listed: Regulated Unofficial Market in Berlin, Frankfurt (Basic Board), Munich, Stuttgart; Vienna Stock Exchange (Official Market)





 
End of Announcement DGAP News Service




735331  18-Oct-2018 CET/CEST







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