MCF supports Tilgmann Group in the sale of its subsidiary Scandiflex to Schur Flexibles
Tilgmann Group, a leading Nordic manufacturer of packaging materials, has sold its subsidiary Scandiflex Pac AB (“Scandiflex”) to Schur Flexibles Group, the Austrian supplier of flexible packaging. MCF advised Tilgmann Group in identifying potential investors and successfully executing the international cross-border transaction process.
The Deal
Tilgmann Group is a Finnish, privately held business concentrated on packaging materials operating in Northern Europe. Currently, the group operates companies in Finland, Sweden and Estonia. Tilgmann was founded in Helsinki in 1869 and throughout the decades its products have included maps, banknotes and board games as well as packaging materials.
The divestment of its subsidiary Scandiflex, a Sweden-based flexible packaging producer, is in line with Tilgmann Group’s strategy to focus further on its other business areas such as labels, and enables it to explore future business opportunities in the sector.
The buyer, Schur Flexibles is one of the leading producers of flexible packaging in Europe, and the acquisition of Scandiflex is a good strategic fit as it enables wider access to the Swedish market. With this transaction, Schur Flexibles continues its expansion in the European packaging market.
The Target
Scandiflex was founded in 1985 and is one of the leading Swedish producers of printed flexible packaging laminates for the food and non-food sectors. In 2018, Scandiflex had net sales of approx. SEK 175 million and approx. 50 employees. The company is located in Landskrona, South Sweden.
About Tilgmann Group
Tilgmann Group is a business concentrated on packaging materials operating in Northern Europe. Customer service and the ability to serve customers in the best possible way is central to the way Tilgmann operates. As part of the Tilgmann family of companies, businesses can develop into their long-term full potential.
