Mayr-Melnhof Packaging has closed the acquisition of TANN Group, as the company announced in a press release.
TANN Group prints on and finishes externally sourced fine paper to produce tipping paper (cigarette filter paper) and is the global market leader in this area. Annual sales of approximately Euro 230 million are generated by 8 production sites in 7 countries and a worldwide workforce of around 1,100 employees, who are taken over.
Through this acquisition MM Packaging extends its present position in cigarette pack- aging by the technologically closely related production of tipping paper. The aim is to further strengthen the profitability of MM Packaging along with the expansion of the value chain. Moreover, the development of the sites shall create new potential.
