KPS to Buy Majority Stake in MM Packaging at $2.7 Billion Value

The deal is subject to corporate and regulatory approvals. Once completed, MM Packaging will operate as a standalone company, according to a statement issued Tuesday.

KPS manages investment funds with about $19.1 billion in assets under management and has made multiple investments in the packaging sector. “MM Packaging is an industry-leading business, and we are excited to take it to the next level as an independent company,” said Michael Psaros, KPS co-founder and co-managing partner.

Based in Austria, MM Packaging runs more than 50 production sites in 19 countries. It is the world’s largest producer of secondary pharmaceutical packaging. Its products also serve food and beverage, pharmaceutical and other industries.