Grenadier Packaging has acquired Netherlands-based folding cartons specialist MM Packaging Leeuwarden, expanding its growing acquisition portfolio overseas.

In a deal completed on 31 December 2025, Grenadier acquired the operation from Austria-headquartered consumer goods packaging business Mayr-Melnhof Karton AG (MM), marking its first European acquisition. 

Grenadier Packaging is owned by Grenadier Holdings (formerly Paragon Group).

It follows the packaging division’s acquisition of another folding cartons specialist last year, Cumbria-based Kentmere Packaging, bringing its total number of acquisitions to date to six.

Production at MM Packaging Leeuwarden will continue as normal from its existing site in the Netherlands, with no immediate changes planned to day-to-day operations, management structure or supplier relationships.  

MM Packaging Leeuwarden employs 52 staff, with all employees expected to transfer as part of the transition.

“We are acquiring MM Packaging Leeuwarden with a long-term view and a strong respect for the business that already exists,” said Aidan Cahill, joint managing director of Grenadier Packaging.

Cahill continued: “This acquisition represents a considered step in extending Grenadier Packaging’s footprint beyond the UK, allowing us to better support customers operating across European markets and to build a more resilient, diversified packaging group. Our focus remains on continuity – giving our support to the existing team, maintaining service levels, and investing responsibly over time.”

Fellow joint managing director at Grenadier, Ross Diamond, said the company will be prioritising stability through the transition period.

Ross said: “Leeuwarden is a well-run, capable operation with clear strengths. Our priority through the transition is stability – ensuring customers, employees, and suppliers experience business as usual while the site benefits from the backing of a long-term owner.”

MM Packaging Leeuwarden holds longstanding customer relationships across the Dutch and European market.

Going forward, Grenadier said it will engage closely with employees, council representatives, customers, and suppliers to ensure clarity and confidence during the transition.

Grenadier Holdings is an investment company that employs more than 9,000 people across 30 countries, with €1.7bn (£1.47bn) in annual sales.