Schur Flexibles Group acquires manufacturers of premium packaging
- Schur Flexibles invests in highly specialised production centres
- Group likely to grow to over 400 million euros in 2018
- Further acquisitions targeted
Through this Schur Flexibles strengthens its position in the sector of premium packaging for the confectionery and tea market. The three locations with about 135 employees generate a sales volume of over 30 million euros (2017). With these acquisitions, turnover is likely to grow to over 400 million euros in 2018. In the segment wax, paper and film packaging for confectionery alone, Schur Flexibles thus achieves a turnover of over 80 million euros and is among the largest providers in Europe in this sector.
“These companies fit perfectly into our growth strategy. In parallel, we are investing in our plant network to build up our highly specialized production locations further and thus creating additional added value for our customers,” says Michael Schernthaner, MD-Schur Flexibles Group.