Schur Flexibles announces the acquisition of Termoplast
publié le mercredi 30 juin 2021
Specialising in recyclable films, Termoplast manufactures sustainable film production in Europe. Its 100% recyclable MDO-PE films offer processing qualities for all printing technologies and special applications for industrial companies and as well as for food, medical and pharmaceutical sectors.
The company also operates its own recycling company for the purpose of implementing its “zero waste” strategy and putting the circular economy into practice – both during its own production and in the processing of post-industrial waste. Following a short and efficient negotiation process, Termoplast will accelerate Schur Flexibles Group’s expansion in the Italian market.
“Termoplast is a perfect fit for Schur Flexibles Group. Its entire production process is geared towards sustainability. It is truly a best practice example of the circular economy, whether with respect to innovations, its product portfolio, the recycling of post-industrial waste. We look forward to growing together in Italy as well as in our existing markets. Our joint portfolio of recyclable packaging solutions with excellent processing qualities, such as MDO-PE films, paves the way for sustainable packaging innovations in a real circular economy,” says Schur Flexibles, CEO Michael Schernthaner.
Termoplast’s facility in Gambassi Terme / Florence located on a production area spanning 26,500 m² boasts a state-of-the-art and energy-efficient machinery park for manufacturing films. Its extensive product portfolio includes sustainable sealable, barrier and high-barrier films as well as peelable and reclosable films. The company pursues a holistic resource efficiency approach, with its recyclable MDO-PE films featuring an extremely low material thickness and excellent barrier and processing qualities. The company focuses on industrial customers, as well as the food, medical and pharmaceutical sectors.
With around 100 employees, the family business, now being managed by a team of the second and third generations, reported annual revenue of approx. € 50 million in 2020, producing an average of about 28,000 tons of film material per year. All waste from the company’s own production operations is recycled in line with its “zero waste” strategy. In addition, plastic waste from the region is also prepared for further processing by Termoplast’s own recycling company.
Schur Flexibles is acquiring 100% of the shares in Termoplast. In accordance with the Group’s integration strategy, the former owners and the third generation of the family will stay on board as managing directors to ensure continuity.
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