Carve-out of MR Cartonnage Numérique’s MR Factory business, a subsidiary of the Diam Group, to Nortier Emballages
Advised by Largillière Finance, the sale of MR Factory to Nortier Emballages gives rise to a leading premium packaging company combining digital and offset printing
Nortier Emballages, a subsidiary of the Firopa Group, has announced the acquisition of MR Factory, the short-run folding carton production business of MR Cartonnage Numérique, a subsidiary of the Diam Group. Advised by Largillière Finance, this transaction brings together two complementary players in the premium packaging market, enabling MR Factory to leverage the expertise of an offset printing specialist to support its clients’ growth, while accelerating Nortier Emballages’ expansion in digital printing.
Established in 2019, MR Factory is the short-run folding carton production business (runs of fewer than 30,000 units) of MR Cartonnage Numérique, a pioneer in digital printing and a specialist in niche solutions, short production runs and carton mock-ups. Agile and highly responsive, the business has established itself as a leading player in the beauty, luxury and lifestyle markets, serving a client portfolio that includes several Maisons of the LVMH Group, as well as L’Oréal, PUIG and Estée Lauder.
Nortier Emballages is a leading manufacturer of premium folding cartons for the fragrance, cosmetics, skincare and luxury goods industries. A subsidiary of the Firopa Group, a century-old French family-owned industrial group, Nortier supports brands throughout their product lifecycle through its dual expertise in offset printing for medium and large production runs, and digital printing for short runs.
This transaction is driven by a shared strategic vision: for the Diam Group, to partner MR Factory with an offset printing specialist capable of supporting its clients’ growth and adapting to evolving market needs; and for Nortier Emballages, to accelerate its expansion in digital printing while broadening its value proposition for its entire client base. The acquisition is further supported by the close proximity of the two production sites, both located in Saint-Ouen-l’Aumône. MR Factory’s operations will be integrated into Nortier’s facility by the end of October 2026, bringing together all of the combined expertise under a single roof.
2026
Largillière Finance Experts
- Olivier Le Grelle
- Mathurin Maugendre
Counterpart
This transaction was a natural choice for us. With its digital expertise and complementary industrial capabilities, Nortier Emballages is ideally positioned to support MR Factory's continued growth and drive its development in synergy with its existing operations. We would like to thank Largillière Finance for identifying the best buyer for our employees—one whose profile is perfectly aligned with our values and our commitment to securing their future under the best possible conditions.
Jonathan Mihy
President of MR Cartonnage Numérique
This acquisition is a perfect fit with our strategy to expand our digital printing capabilities, enabling us to serve our clients even better with an even stronger offering. We are also delighted to welcome MR Factory's 24 employees to the Nortier family.
Benoit Boulet
President of Nortier Emballages and Masurel Pollet Cartonnages
We are proud to have advised on this strategic transaction for MR Factory and all of its stakeholders. Our deep understanding of the packaging ecosystem serving the beauty and luxury industries enabled us to identify Nortier Emballages as a highly relevant partner, perfectly aligned with the sellers' objectives: complementary technologies, business continuity, and the ability to provide the teams with sustainable long-term growth opportunities.
Olivier Le Grelle
Partner at Largillière Finance
Largillière Finance, the independent M&A advisor for growth companies
As an independent specialist in mid-cap transactions, Largillière Finance advises executives and shareholders on their capital transactions, including disposals, acquisitions, LBOs, financing solutions (equity and/or debt), financial engineering (valuation, etc.) and financial strategy advisory.
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