Austria's Schur Flexibles buying Danish packaging firm Danapack

Richard Higgs
EUROPEAN PLASTICS NEWS

Published: May 16, 2014 10:13 am ET
Updated: May 16, 2014 10:19 am ET

Image By: Danapack Flexibles A/S Schur Flexibles is buying Danapack Flexibles A/S, which has a variety of packaging products for the food and pharmaceutical industries.

Related to this story

Topics Packaging, Mergers & Acquisitions, Film & Sheet, Europe

Austria’s acquisitive Schur Flexibles Group has continued on its aggressive growth path, this time buying up high-barrier food and pharma packaging specialist Danapack Flexibles A/S from Arla Foods.

Less than two months since it acquired Slovakian flexibles producer Moneta-S, Schur has agreed to this deal which should be completed by the start of July subject to competition authority approvals. Terms were not disclosed. This acquisition takes to 12 the number of companies in the Austrian group, it said.

Founded in 1955 by the Danish Dairy Board, Danapack Flexibles has built a strong niche assortment of high quality flexible packaging, especially for the pharmaceutical market. Danapack, based in Slagelse, Denmark, generates annual revenue of around 53 million euros ($72.6 million) and employs 190.

Two-year-old Schur Flexibles, formed by German private equity firm Capiton and packaging specialist Jakob Mosser, has grown through a “buy and build” strategy. It now has subsidiaries in Germany, Denmark, the Netherlands, Poland, Finland, Greece and Slovakia.

The Austrian buyer calls its latest takeover a perfect fit. Danapack complements Schur’s existing portfolio which includes the production of high-barrier packaging for the food, healthcare and tobacco industries.

“Danapack’s product technology centre combines skills within research, development and graphic design and features a fully equipped laboratory as well as a pilot plant. This will enable us to meet customer demands and trends very quickly,” commented Schur’s CEO Jakob Mosser.

Dairy cooperative Arla sold off Danapack in line with its disposal policy for non-core businesses. Schur Flexibles now has customers in 60 countries and employs 1,300

As group operations continue to grow, Schur Flexibles has also established a central polymers procurement subsidiary, Polymer Sourcing (PS) early this year. It is reported to have secured supply agreements with leading polymer producers. Former Kobusch-Sengewald executive Wolfgang Klare will take over as PS managing director in July.


Comments

Austria's Schur Flexibles buying Danish packaging firm Danapack

Richard Higgs
EUROPEAN PLASTICS NEWS

Published: May 16, 2014 10:13 am ET
Updated: May 16, 2014 10:19 am ET

Post Your Comments


Back to story


More stories

Image

New medical firm buys Clairson Plastics

September 19, 2014 4:33 pm ET

Custom injection molder Clairson Plastics is being sold to a new start-up that plans to dive into the medical market with a new dialyzer, a key...    More

Image

Hong Kong's TK eyes expansion, may buy Nypro Tool operation

September 19, 2014 2:49 pm ET

Hong Kong-based mold maker and plastics processor TK Group (Holdings) Ltd. said it's reached a tentative agreement to buy a tooling factory in...    More

Exo-s buys injection and blow molder in Mexico, expands footprint

September 19, 2014 2:15 pm ET

Custom molder Exo-s Inc. has bought an injection and blow molding operation in San Juan del Rio, Querétaro, Mexico.    More

Image

Bayer spinning off plastics business

September 18, 2014 8:49 am ET

Bayer AG will spin off its MaterialScience plastics group into a separate, publicly-traded company within the next 12 to 18 months.    More

Image

PET to PET boosts recycling capacity

September 18, 2014 11:14 am ET

PET to PET Recycling Austria GmbH, a bottle-to-bottle PET recycling operation backed by Coca-Cola Hellenic Bottling and several beverage manufacturers...    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events