Mayr-Melnhof Karton AG has sold two virgin fiber cartonboard mills to Oaktree Capital Management, L.P.

Mayr-Melnhof, headquartered in Vienna, Austria, is Europe’s leading producer of cartonboard and folding carton. Its mills in Baiersbronn, Germany, and Eerbeek, Netherlands jointly produce approximately 245 thousand tons of virgin fiber folding boxboard. The mills’ complementary product portfolios cover a wide array of end-uses, including food, pharmaceuticals, healthcare and cosmetics and personal care. Together, both mills serve a well-diversified customer base of more than 450 primarily European small and medium-sized enterprise clients.

Oaktree is a leader among global investment managers, specializing in alternative investments with $156 billion in assets under management as of 30 June 2021. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities. Oaktree has over 1,000 employees and offices in 19 cities worldwide. For additional information, please visit Oaktree’s website at www.oaktreecapital.com.

The carve-out will create the fourth-largest producer of folding boxboard in Europe and comes as part of a strategic realignment of Mayr-Melnhof. Taking advantage of current market tailwinds, Oaktree will leverage its vast experience in the packaging sector to assist the group in solidifying its strong market position and continuing its growth trajectory. The mills’ management will remain with the newly formed group, supporting the company’s future development in collaboration with Oaktree.

Lincoln acted as the exclusive investment banking advisor to Mayr-Melnhof, working closely with the companies’ management teams throughout the sale process.

Mayr Melnhof Baiersbronn Frischfaser Mayr Melnhof Eerbeek Oaktree Capital Management 2021
  • 2021
    Close Year
  • Industrials
    Industry
  • Public
    Client Type
  • Financial | Cross-border
    Transaction Type
  • Austria | USA | Germany | Netherlands
    Countries
Lincoln effectively managed the sale process and served as trusted advisor to Mayr-Melnhof on this project.
Peter Oswald
Chief Executive Officer of Mayr-Melnhof

Meet our Senior Team

Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.