The ILEOS group plans to sell its carton printing activities to Mayr-Melnhof Packaging (MM Packaging), a leader in the manufacturing of folding cartons.
ILEOS, 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. This disposal will enable ILEOS to increase its focus on its other product lines.
The setup boxes assembly activity will remain part of theILEOS group. As Managing Director of this new subsidiary, Paul Quéveau will ensure its development and position as a leading player in that field.
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.
