Schur Flexibles Three packaging manufacturers acquired
Through this investment the group strengthens its position in the sector of premium packaging for the confectionary and tea market.
The three locations with about 135 employees generate a sales volume of over €30 mill. With these acquisitions, turnover is likely to grow to over €400 mill. in 2018. In the segment wax, paper and film packaging for confectionery alone, Schur Flexibles thus achieves a turnover of over €80 mill. and is among the largest providers in Europe in this sector.
The intended transaction is subject to internal and external approvals including the approval by the relevant competition authorities.
With Cats-Hänsel, the group is taking over a well-established company in the sector of paper/film-based flexible packaging solutions for confectionary in the premium segment. Cats provides proven expertise in the production of waxed paper and barrier packaging including premium-quality flexo and gravure printing technologies. An example of the company’s innovativeness is Ecowax, a fully biodegradable vegetable-based alternative to traditional wax packaging adapted by Cats-Hänsel, which offers sustainable packaging solutions.
The Schur Flexibles Group, headquartered in Baden near Vienna and with around 1,400 employees, specialises in innovative, high-quality and made-to-measure highbarrier packaging solutions for the food, tobacco and pharmaceutical industries. With its integrated chain of added value, from extrusion via print and laminating, to extensive bag and pouch-making, the Group, which was founded in 2012, recorded an actual turnover of €350 mill. (2017), making it one of the top European companies in the industry. Schur Flexibles encompasses 12 companies with 14 production plants in Germany, Finland, Denmark, the Netherlands, Poland, Slovakia, Greece and Russia, all of them highly specialised and each enjoying technology-leadership status in its own field.