The current situation at Schur Flexibles

Wirtschaftswoche reports about the economic situation at Schur Flexibles. According to the report lenders around the hedge fund Apollo are increasing the pressure. A restructuring expert is to help with the restructuring of the medium-sized company.

The packaging manufacturer Schur Flexibles, which has fallen into disrepute for possible balance sheet manipulations, is being restructured. The Austrians see themselves well positioned in day-to-day business The order situation is good, the order books are well filled, they say. Schur Flexibles recently “closed an operationally successful quarter”. “Positive business development” is also expected for the coming months. Nevertheless, considerations are currently being made to consensually realign the holding company’s balance sheet and financing structure.