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# Mayr-Melnhof Karton to acquire Kotkamills
- URL: https://www.packagingeurope.com/mayr-melnhof-karton-to-acquire-kotkamills/
- Published: 2020-12-10T12:21:00.000Z
- Updated: 2024-02-19T15:08:06.000Z
- Author: Packaging Europe staff writers
- Tags: Business, #layout-s, #type-article, #packaging-europe, #Import 2026-09-08 15:38

[**Mayr-Melnhof Group**](https://www.mayr-melnhof.com/?ref=packagingeurope.com)**, Europe's largest producer of cartonboard and folding cartons, has signed an agreement to acquire** [**Kotkamills Group Oyj**](https://kotkamills.com/?ref=packagingeurope.com)**.**

The transaction is subject to customary completion conditions and regulatory approval, and the closing of the transaction is expected by mid-2021.

During more than five years of ownership steered by MB Funds, Kotkamills has established a strong market position as a consumer boards producer. With its acquisition of the company, Mayr-Melnhof hopes to grow its position in the virgin fibre-based cartonboard market, complementing its existing recycled fibre-based board business.

The group hopes that this transaction will also create a strong offering of barrier coated FSB solutions which can replace plastic and plastic-coated board, in addition to Mayr-Melnhof’s coated recycled board (CRB) and coated liner. Further, it has been projected that the addition of Kotkamills’ saturating kraft paper will diversify the business by adding a new product.

Mayr-Melnhof Group’s CEO, Peter Oswald, comments: “The acquisition of Kotkamills is an ideal complement to our existing carton board business. It strengthens our business model as a dedicated carton board and folding carton producer with a reinforced position in virgin fibre-based carton board which has good growth potential.

“Kotkamills adds significantly to our sustainability strategy, offering innovative solutions for plastic replacement. We have great confidence in the top-class team of Kotkamills to shape a promising future together.”

Kotkamills CEO, Markku Hämäläinen, comments: “From Kotkamills’ point-of-view this acquisition is a perfect match. Mayr-Melnhof Karton will provide Kotkamills a strong foothold in the carton board market with the barrier coated FSB solutions which can replace plastic and polyethylene-coated board.”