Schur Flexibles acquires Scandiflex Pac
Schur Flexibles Group has acquired 100% of Swedish flexible packaging specialist Scandiflex Pac AB.
The acquisition enhances Schur Flexibles’ strong and rapidly growing market position in Europe, and will particularly bolster Schur Flexibles’ existing capabilities in the Nordic region in the sphere of flexo printing.
Overall, this means the group will become a full service provider in the Nordics region, covering the complete converting and digital printing value chain. Combining Scandiflex Pac with Schur Flexibles Denmark, Schur Flexibles Finland and Danapak Flexibles, the Schur Flexibles Group covers a platform in the Nordics with a turnover of more than €120 million euros.
Michael Schernthaner, managing director of the Schur Flexibles Group, said: ‘Scandiflex Pac is the perfect addition to the growing Schur Flexibles Group. As a leader in the highly attractive Nordic region and an established player in flexo and digital printing, the company will perfectly complement our strong existing European footprint and capabilities. Together we will continue to revolutionise the European flexible packaging industry.’
Stefan Andersson, managing director of Scandiflex Pac, added: ‘The flexible packaging market is characterised by growth and innovation. As part of the Schur Flexibles Group we can both, benefit from enhanced scale and pooled expertise to more effectively stay ahead of rapidly evolving customer demands and regulatory requirements. Schur Flexibles Group’s sharp focus on innovation, sustainability and quality also very clearly matches our own.’
Combining the two companies’ leadership in sustainability will also enable the Group to stay ahead of customer and regulator expectations even more effectively, further minimising their environmental impact. Scandiflex Pac currently operates at an efficiency rate of close to 100% and uses recycling systems that significantly reduce energy consumption.