The Schur Flexibles Group, one of Europe's most important full-line suppliers focusing on production and distribution of high-barrier flexible packaging for the food, tobacco, and healthcare industries, has reached an agreement to take over Danapak Flexibles from Arla Foods. The acquisition is expected to have effect by July 1, subject to approval by the authorities. The Group thus expands the number of companies up to a total of 12.
Founded in 1955 by the Danish Dairy Board, Danapak Flexibles has become a specialist for high-barrier packaging solutions for the pharma, dairy as well as other food industries. The company has established itself with a strong niche assortment of high-quality flexible packaging, focussing especially on the pharmaceutical industry and employs a staff of 190. Danapak Flexibles’ headquarter and main production site are located in Slagelse with an additional printing facility in Horsens, both in Denmark and has a strong customer portfolio with focus on significant international brands, generating yearly revenues of approximately € 53 million.
The acquisition of Danapak Flexibles A/S indicates a new era within a striving and dynamic flexible packaging group, the Schur Flexibles Group. Both complement each other perfectly, as Schur Flexibles is a strong supplier of high-barrier flexible packaging for the food, tobacco and healthcare industries. “Danapak’s excellent product range and know-how of high-barrier flexibles for pharmaceutical- and dairy market perfects our product portfolio. Danapak Flexibles’ unique Product Technology Center combines skills within research, development and graphic design and features a fully equipped laboratory as well as a pilot plant, which will enable us to meet demands and trends from our customers very quickly”, Jakob A. Mosser, CEO of Schur Flexibles Group states.
The Austrian packaging company with headquarters in Baden, near Vienna, was established two years ago by the private equity company Capiton and Jakob A. Mosser, an industry expert, by means of a “buy and build” concept. Including Danapak, the Group consists of twelve active companies in Germany, Denmark, the Netherlands, Poland, Finland, Greece and Slovakia. With more than 1,300 employees and customers in over 60 countries, the company generates a yearly flexibles revenue of approximately € 320 million including the new acquisition.