Schur acquires packaging firms from Clondalkin

15 February 2018 (Last Updated February 15th, 2018 12:19)

Austrian packaging solutions provider Schur Flexibles (Schur) has acquired Cats-Hänsel and Nimax from Clondalkin Group (Clondalkin) for an undisclosed price.

Austrian packaging solutions provider Schur Flexibles (Schur) has acquired Cats-Hänsel and Nimax from Clondalkin Group (Clondalkin) for an undisclosed price.

The acquisition includes Cats-Hänsel’s Cats Flexibles Packaging (Cats) site in Rotterdam, Hänsel Flexible Packaging facility in Freital, Germany, and Nimax’s facility in Elst, the Netherlands.

The completion of the transaction is subject to the approval from the relevant competition authorities.

“We are continuing our expansion strategy and see alongside organic growth further opportunities for acquisitions.”

Cats produces waxed paper and barrier packaging, including premium-quality flexo and gravure printing technologies, while Hänsel is known for twist-and-fold wraps for confectionery manufacturers.

Nimax develops tea tags, envelopes and inlay sheets for tobacco packaging.

The three facilities currently have 135 employees and are reported to have generated sales volume exceeding €30m last year.

Schur managing director Michael Schernthaner said: “These companies fit perfectly into our growth strategy. In parallel, we are investing in our plant network to build up our highly specialised production locations further and thus creating additional added value for our customers.

“Our customers are now profiting from an even broader range of innovative, specialised and sustainable packaging and service solutions from one source, which we develop at our highly specialised locations.

“We are continuing our expansion strategy and see alongside organic growth further opportunities for acquisitions.”