MP Corporate Finance acted as the exclusive financial advisor to Schur Flexibles Group in the acquisition of a majority holding in Drukkerij Zwart, one of the leading Dutch companies in the flexible packaging sector.
The Schur Flexibles Group with 13 plants and its headquarter in Baden near Vienna and around 1,350 employees has specialised in innovative, high quality and made-to-measure high-barrier packaging solutions for the food, tobacco and pharmaceutical industries.
The acquisition of Zwart marks the first acquisition under the new owner, Lindsay Goldberg, initiating a new phase of growth.
Drukkerij Zwart B.V. supplies international customers in the tea, coffee and confectionary sectors and is increasingly represented on European as well as on international markets. Alongside the very modern and efficient main plant in Amersfoort in the Netherlands, the company also operates a production location in St. Petersburg in Russia. The current management will remain in place and continues to be co-owner of Zwart.
MP Corporate Finance (MPCF) has been retained by Schur Flexibles Group as financial advisor supporting the buy&build approach since 2011. In the context of the contemplated transaction, the project team of MPCF acted as overall project lead. Following the identification of the company, the initial approach of its owners, the valuation and drafting of the offer documentation, MPCF coordinated the due diligence team streamlining information flow towards a focused negotiation phase. MP Corporate Finance led the commercial negotiations in close cooperation with the principals and lawyers towards a mutual signing.
With the acquisition of Zwart, the Group has supplemented its portfolio by a true specialist in packaging production for smaller order sizes and further complemented its high-end product portfolio for well selected niche markets
Closing of the transaction is subject to approvals by competition authorities in certain countries and other customary closing conditions.