Recyclable Films: Schur Flexibles acquires Te...
Recyclable Films

Schur Flexibles acquires Termoplast

Termoplast
Termoplast’s facility in Gambassi Terme / Florence located on a production area spanning 26,500 square metres boasts a state-of-the-art and energy-efficient machinery park for manufacturing films.
Termoplast’s facility in Gambassi Terme / Florence located on a production area spanning 26,500 square metres boasts a state-of-the-art and energy-efficient machinery park for manufacturing films.

AUSTRIA, Wiener Neudorf. Following a short and efficient negotiation process, Termoplast will accelerate Schur Flexibles Group’s expansion in the Italian market.

Specialising in recyclable films, Termoplast S.r.L. is one of the pioneers of sustainable film production in Europe. Its 100% recyclable MDO-PE films offer excellent processing qualities for all printing technologies and special applications for industrial companies and as well as for food, medical and pharmaceutical sectors. Termoplast also operates its own recycling company for the purpose of implementing its “zero waste” strategy and putting the circular economy into practice – both during its own production and in the processing of post-industrial waste.  

Termoplast’s facility in Gambassi Terme / Florence located on a production area spanning 26,500 square metres boasts a state-of-the-art and energy-efficient machinery park for manufacturing films. Its extensive product portfolio includes sustainable sealable, barrier and high-barrier films as well as peelable and reclosable films. The company pursues a holistic resource efficiency approach, with its recyclable MDO-PE films featuring an extremely low material thickness and excellent barrier and processing qualities. The company focuses on industrial customers, as well as the food, medical and pharmaceutical sectors.

With around 100 employees, the family business, now being managed by a team of the second and third generations, reported annual revenue of approx. € 50 million in 2020, producing an average of about 28,000 t of film material per year. All waste from the company’s own production operations is recycled in line with its “zero waste” strategy. In addition, plastic waste from the region is also prepared for further processing by Termoplast’s own recycling company.

Schur Flexibles is acquiring 100% of the shares in Termoplast S.r.L. In accordance with the Group’s integration strategy, the former owners and the third generation of the family will stay on board as managing directors to ensure continuity. The parties agreed to maintain confidentiality with respect to the purchase price. The closing of the transaction took place at the end of June 2021.

 

Source: Schur Flexibles
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