The Mayr-Melnhof Group (MM) has sold its two packaging sites in Russia, St. Petersburg and Pskov, to the local investor Granelle following approval from the authorities. The sales price is around EUR 134 million. In 2021, the plants together generated sales of around EUR 124 million. The transaction is expected to have a neutral impact on earnings for MM.
MM is a world leading manufacturer of paperboard and folding boxes with an attractive range of kraft papers and uncoated fine papers for various end uses. MM promotes sustainable development through innovative, recyclable packaging and paper products.
