Mayr-Melnhof Packaging acquires TANN Group

Austrian containerboard company Mayr-Melnhof Packaging has acquired TANN Group, also based in Austria, for approximately EUR 275 million.
TANN Group prints on and finishes externally sourced fine paper to produce tipping paper (cigarette filter paper). Annual sales of approximately EUR 230 million are generated by eight production sites in seven countries and a worldwide workforce of around 1,100 employees.