Lindsay Goldberg Acquires Schur Flexibles Group
Lindsay Goldberg has acquired Baden, Austria-based Schur Flexibles Group. Financial terms of the transaction were not disclosed.
Schur Flexibles manufactures flexible packaging that mostly consists of composite products made from paper, plastic and aluminum. The company operates 11 production plants across Germany, Finland, Denmark, the Netherlands, Poland, Slovakia and Greece, and employs roughly 1,100 employees.
Following the transaction, CEO and co-owner Jakob Mosser will continue to lead Schur Flexibles.
“We aim to drive organic growth and make accretive acquisitions,” says Dr. Thomas Ludwig, managing partner at Lindsay Goldberg’s German affiliate. “We have already identified a number of target companies that could create value for the portfolio.”
The acquisition of Schur Flexibles represents Lindsay Goldberg’s second investment in a European packaging company.
“The acquisition of Schur Flexibles aligns perfectly with Lindsay Goldberg’s investment strategy in Germany and other markets,” says Michael Dees, a partner at Lindsay Goldberg. “We’re very excited to partner with and support the Schur management as it continues to pursue its successful growth strategy.”
The transaction is subject to customary closing conditions and is expected to close in the third quarter.
Lindsay Goldberg LLC
(212) 651-1100; www.lindsaygoldbergllc.com
Schur Flexibles Group