Mayr-Melnhof to sell cartonboard mills in Eerbeek, the Netherlands and Baiersbronn, Germany
July 7, 2021The Mayr-Melnhof Group and a subsidiary of funds managed by Oaktree Capital Management, L.P. have reached a firm intention on the sale of Mayr-Melnhof’s virgin fiber cartonboard mills located in Eerbeek, Netherlands, and Baiersbronn, Germany, to Oaktree for an equity value of Euro 104.6 million and net debt subject to final closing accounts.
Eerbeek and Baiersbronn together have an annual capacity of about 245 kt of virgin fiber cartonboard (FBB) produced on two board machines and employ approximately 400 people. Sales reached Euro 195 million in 2020.
