MP Corporate Finance acted as exclusive financial advisor to Clondalkin Group in the intended sale of Cats-Haensel and Nimax, two specialised producers of premium packaging for confectionery and tea markets, to Schur Flexibles Group.
Cats-Haensel is a well-established and highly innovative provider of paper- and film-based flexible packaging solutions for premium confectionary. It comprises two production sites in Rotterdam (NL) and Freital (DE). Nimax is a recognized expert in paper-based high-quality tea tags & envelopes and tobacco inlays with a dedicated plant located in Elst (NL). In 2017 the three locations with about 135 employees generated sales of more than € 30 million.
Schur Flexibles Group, headquartered in Baden (AT), specialises in innovative, high-quality and made-to-measure high-barrier packaging solutions for the food, tobacco and pharmaceutical industries. With the acquisition of Cats-Haensel and Nimax Schur Flexibles strengthens its position in premium packaging for the confectionery and tea markets and Group turnover is likely to grow to over € 400 million in 2018.
Clondalkin Group is an international group of manufacturing companies focused on delivering high quality innovative flexible packaging solutions. Clondalkin Group comprises 8 companies across Europe supplying over 45 countries globally with a turnover of approximately € 350 million.
The intended transaction is subject to internal and external approvals including the approval by the relevant competition authorities.
MP Corporate Finance supported Clondalkin throughout the entire process and executed a tailor-made M&A process to find the best partner for Cats-Haensel and Nimax.