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Mutares

Ecosystem Frankfurt Stock Exchange: MUX
Headquarters
Munich, DE
Segment
Investors & Advisers
Stories held
1
Last story
17 Sep 2026

Mutares is a Munich-based private equity holding listed on the Frankfurt Stock Exchange (SDAX) that acquires and restructures underperforming companies across automotive, engineering, goods and services sectors, including packaging assets such as La Rochette Cartonboard. The group operates a portfolio of businesses across Europe through a buy-and-transform strategy.

1 stories · 2026

Unions say machines idle and suppliers unpaid at Mutares-owned La Rochette Cartonboard

The CGT, FO and CFTC unions at La Rochette Cartonboard plan a rally on 19 September 2026 outside the French cartonboard plant, denouncing unpaid suppliers, raw material shortages and idled machines despite a full order book. The 255-employee plant, with revenue of around EUR 90m, has been owned by German investment fund Mutares since 2021 and was previously part of Italy's Reno de Medici group.

Why this mattersRaw-material shortages and idle machines at a 255-employee, EUR 90m-revenue cartonboard plant point to supply risk for French board buyers.

  • The CGT, FO and CFTC unions will rally outside the La Rochette plant in Savoie on 19 September 2026
  • The unions say raw materials have run out, suppliers are no longer being paid and machines stand idle despite orders on the books, with staff on paid stand-down
  • The plant employs 255 people and has revenue of around EUR 90m
  • Works council members invoked their right of alert in December 2025 and requested a financial expertise, but say they have not received the figures sought
  • Mutares acquired La Rochette Cartonboard in 2021 from Italy's Reno de Medici
  • Management did not respond to the publication's requests for comment
Mutares
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