Schur sales majority of shares to Lindsay Goldberg

Schur Flexibles Group, with its headquarters in Baden/Austria, has announced the sale of the majority its shares to the private equity fund Lindsay Goldberg, represented in Europe by Lindsay Goldberg, Vogel GmbH, Düsseldorf.

Subject to approval by the antitrust authorities, among others the previous majority shareholder, Capiton Fonds IV, Berlin, is disposing of its shares to Lindsay Goldberg and the management team of Schur Flexibles Group. Schur Flexibles produces and distributes high quality, flexible packaging solutions for the food, tobacco and pharmaceutical industries.

Since its establishment in 2002, the private equity firm Lindsay Goldberg has placed funds totalling more than 13 billion dollars. The aim of the investment in Schur Flexibles is continuing the successful “buy-and-build” concept by acquiring further companies that supplement and strengthen the Group’s portfolio. It is expected the transaction (the conditions of which the parties have agreed to keep undisclosed) will be completed in September.

«The fact we have been able to gain Lindsay Goldberg as a majority shareholder is a confirmation of our successful corporate development to date. We are very much looking forward to combining forces with a strong partner in the future. Together, we will realise our enormous development potential with determination, primarily through organic growth but also through further aquisitions» explains Jakob A. Mosser, CEO of the Schur Flexibles Group.