One of Europe's leading flexible packaging suppliers in Europe, Schur Flexibles Group (SF), has reached a general agreement with the French family-owned company UNI Packaging and has entered into exclusive negotiations regarding a potential acquisition of the company.
With the planned acquisition, Schur Flexibles intends to strengthen its leading market position in Europe.
Headquartered in Averdoingt, France, UNI Packaging is a major player in digital printing for flexible packaging with a network of seven production sites and five logistics hubs - predominantly based in France, the UK and Austria - and European sales offices.
Michael Schernthaner, managing director of Schur Flexibles Group, said, 'UNI Packaging would perfectly complement and enhance our business portfolio. With our combined businesses based on a balanced geographic footprint, leading technology and high quality products, we would shape the future of the packaging industry.'
Franck Caresmel, UNI Packaging board member, added, 'The flexible packaging market is characterised by fast technical developments and increasing customer expectations. As part of the group, we would be even better prepared to face these challenges, with the ability to leverage our combined experiences and our different areas of expertise advantageously.'
Given UNI Packaging's extensive knowledge and experience in packaging dairy and fresh food products, the planned acquisition would help Schur Flexibles to expand its footprint in both these markets.