The Schur Flexibles Group remains on course for growth and acquires Sidac SpA, an Italian producer of flexible packaging.
7 April 2021
The Sidac production facility in Forli near Bologna, Italy. (Image: Sidac SpA)
The Schur Flexibles Group remains on course for growth and acquires Sidac SpA, an Italian Producers of flexible packaging. The Schur Flexibles Group is thus further expanding its position in the Italian market.
The Sidac SpA based in Forli near Bologna, produces flexible packaging, primarily for the food, beverage, confectionery and pet food industries. The product range mainly comprises Complex laminates in rolls and for stand-up pouches in the ready-to-eat convenience and pet food segment. According to the company, this is a market segment that will continue to grow as a sustainable packaging alternative thanks to the reduction in material usage and high functionality. The Sidac SpA recently recorded has annual sales of around EUR 34 million and employs 120 people. The parties have agreed not to disclose the purchase price.
More sustainable growth with Sidac
Sidac SpA's modern production site fits in with the company's sustainability strategy. Schur Flexibles Group: With a high-performance solvent recovery system, the Italian company, like Schur Flexibles, is following the Sustainability approach of a circular economy and thus complements the Centre of excellence concept of the Schur Flexibles Group. Schur Flexibles currently develops and produces flexible packaging innovations at 22 production sites in eleven European countries in what it describes as a fully integrated value chain.
(Image: Schur Flexibles, Christina Häusler)
"Italy is an important growth market for us as a European player. With Sidac, we have gained an established partner for our regional expansion in Italy. Here we can perfectly complement our expertise in the area of flexible packaging solutions in the food industry." Michael Schernthaner, CEO Schur Flexibles Group
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Sidac, which was founded in 1929, sees great opportunities in the merger, as it opens up access to a pan-European market: „As part of an internationally successful group, we can make our strengths and expertise visible on the entire European market“, says LucaMazzotti, Managing Director of Sidac.
