Schur Flexibles acquires 100% of Termoplast

The Austrian group Schur Flexibles, a specialist in packaging solutions for the food and pharmaceutical industries, is expanding into Italy with the formalisation of the acquisition of Termoplast (Gambassi Terme, Florence), a European pioneer in the production of sustainable and 100% recyclable MDO-PE films used in the food, industrial, media and pharmaceutical sectors.

“Termoplast is a perfect fit for Schur Flexibles Group,” says Schur Flexibles CEO Michael Schernthaner. “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 or the recycling of post-industrial waste. 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.”

Termoplast also operates its own recycling company for the purpose of implementing its “zero waste” strategy.

Termoplast’s facility located in a 26,500 square metre production area boasts state-of-the-art and energy-efficient machinery. Its extensive product portfolio includes sustainable sealable, barrier and high-barrier films as well as peelable and reclosable films. In particular, its recyclable MDO-PE films stand out for their extremely low material thickness and excellent barrier and processing qualities.

The family business, now in its third generation, employs around 100 people and in 2020 reported revenues of around €50 million, producing an average of about 28,000 tonnes of film material per year.

Schur Flexibles was founded in 2012 and together with Termoplast generates annual sales of around €590 million, making it one of the top European players in the industry.