MP ACTED AS THE EXCLUSIVE BUY-SIDE ADVISOR TO PACCOR IN THE ACQUISITION OF MIKO PAC

PACCOR, a leading global player in rigid food packaging with innovative solutions and superior quality products, signed a purchase agreement for the acquisition of Miko Pac, the packaging division of Euronext Brussels listed Miko N.V.

Miko Pac is a world-class manufacturer of rigid plastic packaging solutions for the food industry. Miko Pac has many years of expertise and a strong dose of creativity. Miko develops and produces innovative solutions for ready meals, ice cream, margarine, and many other products. Around 500 people are employed at its production sites in Belgium, Poland, Indonesia and at its sales offices in France and Germany. Founded more than 45 years ago, Miko Pac is a specialist in thermoforming, injection molding and in-mold labelling.

The acquisition strengthens PACCOR’s position in injection molding by complementing the product portfolio and expanding the company’s competencies. Miko Pac’s plant in Indonesia extends PACCOR’s international reach and the fast-growing Asian market can now also be served.

 

MP Value Add

MP’s dedicated Packaging sector team successfully advised PACCOR’s management on its second acquisition under the ownership of Lindsay Goldberg and the further execution of its tailor-made M&A growth strategy.

MP supported PACCOR through all the stages of the transaction process with Miko Pac. After signing of a mutual term sheet, the highly complex transaction could be concluded within less than 7 weeks despite the worldwide COVID-19 pandemic. The MP team coordinated the various workstreams, balancing the information requirements of the individual stakeholders and the need for an expeditious and resource-efficient transaction.

Throughout the process, MP managed all relevant communication channels with the seller to achieve a mutually successful transaction via a universal problem-solving approach in combination with firm negotiation skills.