Schur and All4Labels put up for sale
July 20, 2019Schur Flexibles and All4Labels have been put up for sale in separate auctions geared towards private equity buyers.
The packaging industry has seen a wave of consolidation in recent years, with private equity groups being drawn to the stable cash flows of the firms that tend to grow in line with gross domestic product (GDP) and have so far seen limited impact from the debate about plastic pollution in the world’s oceans.
Buyout group Lindsay Goldberg is working with Goldman Sachs on the divestiture of Vienna-based Schur Flexibles – a maker of packaging for meat, cheese, confectionary and pharmaceuticals – which it hopes to sell for 800-900 million euros ($901.28 million – $1.01 billion), they said.
