The Mayr-Melnhof Group has successfully completed the acquisition of Essentra Packaging. The transaction includes 100% interest in ESNT Packaging & Securing Solutions Limited (UK) and 100% interest in Essentra Packaging US Inc (US) and its affiliated companies.
The Mayr-Melnhof Group’s 1H 2022 consolidated sales increased by Euro 928.9 million to Euro 2,218.5 million, compared to Euro 1,289.6 million in 1st half of 2021. This growth results mainly from the previous year’s acquisitions as well as the passing on of cost increases through higher prices.
Valmet will deliver a new baling line and a flash drying rebuild to Mayr-Melnhof Group’s FollaCell pulp mill in Norway. The start-up is scheduled for the 4Q 2023.