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Our team of senior M&A professionals have extensive experience in the materials sector and have built long-term relationships with a pool of specialised strategic and financial investors. We have advised on numerous successful acquisitions and divestments, often with complex and challenging structures.

Our materials expertise covers packaging, pulp & paper, steel and metals distribution, metals production, chemical distribution, and sawmilling.

Our areas of expertise include

Forest products

Pulp and Paper

Steel and metal distribution

Metal production

Chemical distribution

Saw milling

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Recent transactions


Scott Group / BSW Timber Group

MCF advised the shareholders of Scott Group on its sale to Binderholz-owned BSW Timber Group



MCF advised UPM in the acquisition of AMC AG, a leading German manufacturer self-adhesive filmic materials.


Nalka / Eson Pac / Mayr-Melnhof

MCF advised Nalka in the sale of Eson Pac, a Swedish full-service provider of sustainable and high-quality pharma packaging products to Mayr-Melnhof.


Endless LLP/ BSW Timber Group / Binderholz GmbH

MCF advised Endless LLP in the sale BSW Timber Group, the UK’s leading sawmilling group to Austrian family-owned forestry group Binderholz.


BSW Group / Endless LLP

MCF advised the owners of BSW Group, an integrated forestry and sawmilling business, on the sale to Endless LLP, a UK-based private equity firm.


Metsä Tissue / keeeper Group

MCF advised Metsä Tissue in the sale of its napkin business to keeeper Group. The napkin business generates annual sales of approx. EUR 45m and focuses on plain and printed napkins for the consumer and professional markets. The buyer, keeeper Group, is a portfolio company of Mutares SE & Co. KGaA, the German investment group.


ELG Haniel / Mitsubishi Corporation

MCF advised ELG Haniel GmbH in the divesture of a strategic stake in its UK subsidiary ELG Carbon Fibre Ltd, a market leader in recycled carbon fibre materials for the transportation sector, to Mitsubishi Corporation, Japan’s largest trading house.


Scandiflex / Schur Flexibles

MCF advised Tilgmann Group on the sale of Scandiflex Pac AB, which is one of the leading Swedish producers of printed flexible packaging laminates for the food industry. The company has revenues of approximately €20 million and is headquartered in Landskrona, Sweden. The acquirer was Schur Flexibles, one of the European leaders in the flexible packaging industry.


Kemetyl / Univar

MCF advised the shareholders of Kemetyl Group on the carve-out divestiture of Kemetyl’s Industrial Chemicals division to Univar. The business provides bulk and specialty chemicals, such as industrial grade ethanol, to customers in Sweden and Norway.


Partnera / Uusioaines

MCF advised Partnera, a Finnish investment company based in Oulu, in the investment in Uusioaines, the leading Finnish glass recycling specialist with a special focus on foam glass production.


ATG Deutschland / Duferco

MCF advised on the sale of 75% of the shares in ATG Deutschland GmbH, a trader, processor and refiner of steel products for the construction industry, to Duferco International Trading Holding S.A.


MultiPet & Multiport / Veolia

MCF advised the shareholders of MultiPet and Multiport on the sale of their shares in the company to Veolia. MultiPet and Multiport are pioneers in the German plastic recycling sector and among Europe’s leading developers and manufacturers of recycled PET and HDPE raw material.


ALBIS Plastic GmbH / Barnet Europe W. Barnet GmbH & Co. KG

MCF advised ALBIS Plastic GmbH on the acquisition of the European recycled polymer business of Barnet Europe W. Barnet GmbH & Co. KG, a Germany-based subsidiary of William Barnet & Son, LLC.


Paper Excellence / Schaeff Group & Radial Capital Partners

MCF advised Paper Excellence Group on the divestment of its German subsidiary Papierfabrik Scheufelen. The mill is a producer of premium and standard fine papers as well as packaging board primarily for luxury applications.


Metsä Board / mutares

MCF advised Metsä Board Corporation on the sale of Metsä Board Zanders GmbH, a German paper mill focusing on label papers and other specialties.


UPM Tilhill Forestry / BSW Timber

MCF advised UPM-Kymmene Corporation on the sale of its 100% subsidiary Tilhill Forestry Ltd, the UK’s largest forestry and timber harvesting company, to the BSW Timber Group.


Outokumpu / VDM

MCF advised Outokumpu in the divestment of VDM and in other measures to strengthen the balance sheet.


Krahn Chemie / Pietro Carini

MCF advised KRAHN CHEMIE GmbH on the acquisition of a majority share in Pietro Carini S.p.A., a speciality chemical distributor headquartered in Milan.


Krahn Chemie / ICH

MCF advised KRAHN CHEMIE GmbH on the acquisition of the chemical distributor, ICH Benelux B.V.


Al Tuwairqi / MBO

As part of the change of their strategy MCF was mandated by Al Tuwairqi steel group to sell off their German operations for trading, processing and refining of steel products for the construction industry. The sales process was concluded successfully with a MBO by the current management.


Outokumpu / Inoxum

MCF advised Outokumpu Oyj on its acquisition of ThyssenKrupp AG's stainless steel division, Inoxum Group.


A&R Carton Group / Graphic Packaging

MCF advised A&R Carton Group, owned by Ahlström Capital, on the sale of its beer and beverage packaging business to Graphic Packaging Holding Company.


Inter IKEA Investments / Flint Group

MCF advised Inter IKEA Investments and a private investor on the sale of Torda, a manufacturer of printing inks for the packaging market, to Flint Group.


Ruukki Betonstahl & Ruukki Welbond / Al-Tuwairqi

MCF advised Rautaruukki Oyj on the sale of Ruukki Betonstahl GmbH, a German market leader in reinforcing steel for the construction industry, and Ruukki Welbond BV, a Dutch based processor of reinforcing steel for the Benelux countries, to the Saudi-Arabia based Al-Tuwairqi Group.


Rautaruukki Stahlservice / Knauf Interfer

MCF advised Rautaruukki Oyj on the sale of Ruukki Stahlservice GmbH, one of Germany's largest steel service centers, to Knauf Interfer AG.


Metsä Tissue / Tento

MCF advised Metsä Tissue Oyj, a leading European tissue paper products supplier, on its acquisition of Tento a.s., a leading tissue paper company in Slovakia.


Rautaruukki / Metalplast Oborniki

MCF advised Rautaruukki Oyj on the acquisition of Metalplast-Oborniki Holding Sp. z.o.o., a Polish manufacturer of metal-based construction panels used in wall and roof structures in Eastern Europe, from local private equity funds and the Polish state.


Rautaruukki / Syneco Industri

MCF advised Rautaruukki Oyj on the acquisition of Syneco Industri AB, a Swedish manufacturer of frames and other large steel components for the lifting, handling and transport industries, from AB Pehrson & Lindgren.


Froh House Tech / FON Telescopic Systems

MCF advised Rautaruukki Oyj on the sale of the vacuum cleaner tube division of its subsidiary, Froh House Tech GmbH & Co. KG, to FON Telescopic Systems GmbH.


Rautaruukki / Velsa

MCF advised Rautaruukki Oyj on the acquisition of Velsa Oy, a leading Nordic manufacturer of mobile cabs, from Kone Cargotec Oyj.