Mayr-Melnhof Packaging acquires largest Chilean folding carton producer
Mayr-Melnhof Packaging has made a first step into the region of Latin America and announces the acquisition of a 70 % participation in Marinetti S.A., located in Santiago de Chile. The former family shareholders hold the remaining shares.
The company produces folding carton packaging for multinational as well as local producers of branded goods. Currently the site employs some 650 people and generates annual sales of approximately EUR 45 million.
A significant investment program shall broaden the technological basis and support the exploitation of market potential also in the neighboring countries.
The closing of the transaction is subject to specific conditions precedent.