Mayr-Melnhof Packaging closes acquisition of TANN Group
Mayr-Melnhof has acquired TANN Group. TANN prints on and finishes externally sourced fine paper to produce tipping paper (cigarette filter paper) and is the global market leader in this area.
Through this acquisition Mayr-Melnhof Packaging will extend its present position in cigarette packaging, which the company says will strengthen its profitability along with the expansion of the value chain.
(Source: press release Mayr-Melnhof)