Evergreen Hill to acquire TANN Group from Mayr-Melnhof Karton for €360m.

Evergreen Hill, a strategic investor specializing in the acquisition and management of specialty paper businesses, agreed to acquire TANN Group, a global supplier of tipping paper for the cigarette industry, from Mayr-Melnhof Karton, a producer of cartonboard and folding cartons, for €360m. "The sale offers MM the opportunity to further strengthen and expand the position in its core consumer packaging business. We are delighted that TANN Group gets a new strategic owner with Evergreen Hill Enterprise which is committed to investing in its future. Above all, we would like to thank the entire staff for their great work over the past years with MM," Peter Oswald, Mayr-Melnhof Karton CEO.