Schur Flexibles Group is in exclusive negotiations with French flexible packaging manufacturer UNI Packaging for the acquisition of dairy and fresh food businesses in France and the United Kingdom.
Schur Flexibles Group announced on March 7 that it has reached a comprehensive agreement with the French family business and expects the deal to be completed within the next few weeks.
Headquartered in Averend, France, UNI Packaging has 7 production sites and 5 logistics centers, mainly located in France, the United Kingdom, Austria and European sales offices.
Michael Schernthaner, Managing Director of Schur Flexibles Group, said: "UNI Packaging... is always opening new fields."
Schur Flexibles stated in a statement: "Given UNI Packaging's extensive knowledge and experience in the packaging of dairy and fresh food products, this planned acquisition will help Schur Flexibles expand its presence in the rapidly growing dairy market. Food and convenience market footprint."
The company said that they plan to use UNI Packaging's strong market position on a pan-European basis.