Schur Flexibles Group Acquires Moneta-S, Slovakian Manufacturer of Flexible Packaging
The Austrian company Schur Flexibles Group has acquired 100 percent of the share capital of Moneta-S, a well-known Slovakian manufacturer of flexible packaging. The acquisition is effective immediately, as the company said in the press release received by Lesprom Network.
“We are very pleased to strengthen our group with the portfolio of one of the most innovative and environmentally friendly flexible companies in Europe. Moneta-S' manufacturing and sophisticated R&D capability, as well as access to the Eastern European market are a perfect fit”, says Jakob A. Mosser, CEO of Schur Flexibles. “This acquisition will give us the opportunity to utilize Moneta’s breakthrough technology throughout our eleven production plants and allow us to offer significant technological advantage to our customer base. Moneta S will play an important role to strengthen our focus on high value added flexible packaging solutions and technology leadership.
“This is an exciting new chapter for Moneta-S”, says Alena Spinerova, Moneta’s CFO. “The acquisition gives us a great opportunity to expand Moneta-S’ technology, innovation and manufacturing to more customers across the world. Schur’s diverse product range and superior customer relationships combined with Moneta-S’ innovative technology and renowned customer service, creates a powerful partnership in the packaging industry.”
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