Lindsay Goldberg has agreed to sell an 80% stake in Schur Flexibles Group to B&C Group, while retaining a 20% ownership share, highlighting a strategic collaboration aimed at fostering growth and innovation in the sustainable packaging sector.

Target Information

Schur Flexibles Group, headquartered in Austria, is renowned for its innovative, premium high-barrier packaging solutions. The company has significantly grown since Lindsay Goldberg acquired a stake in 2016, with sales soaring by over 50%, reaching €540 million in 2020, and nearly tripling EBITDA during this period. Employee numbers have also increased, from 1,200 to 2,100, across 22 specialized production sites in both Western and Eastern Europe. Schur Flexibles provides tailored high-barrier packaging solutions for diverse sectors, including food, cosmetics, and pharmaceuticals, and is recognized as a leader in the European flexible packaging industry.

Under the leadership of CEO Michael Schernthaner and Chairman Thomas Unger, Schur Flexibles has made eight value-enhancing acquisitions, reinforcing its technological prowess through an integrated value chain that encompasses extrusion, printing, laminating, and pouch production. The firm’s commitment to quality and sustainability has resulted in numerous accolades, including the prestigious “WorldStar Award” for product innovation from the World Packaging Organization in 2021.

Industry Overview in Austria

The packaging industry in Austria has witnessed robust growth, driven by increasing demand for sustainable and high-quality packaging products. As consumer preferences are shifting towards environmentally friendly solutions, companies in this sector are innovati