In order to increase its focus on other products lines, Ileos Group plans to sell its carton printing activities to Mayr-Melnhof Packaging (MM Packaging).
The Ileos Group, owned by funds managed by Oaktree Capital Management, L.P., since December 2011, received a binding offer for the printing activities of its graphic division comprising Alliora (with the exception of the setup boxes assembly activity) and Packetis.
The setup boxes assembly activity will remain part of the Ileos Group and Paul Quéveau will serve as managing director of this new subsidiary. The parties will enter into a definitive transaction agreement once the works’ council consultation process in France is completed. The transaction will be subject to customary closing conditions and regulatory approvals.
