
Capiton sells Schur to Lindsay Goldberg
Capiton has sold Austrian packaging producer Schur to American private equity house Lindsay Goldberg.
Capiton followed a buy-and-build strategy for Schur, having acquired the first company of the group, CFS Dixie, in December 2011. The nucleus of the group was then purchased in early 2012 with the takeover of the Schur Flexibles Division, consisting of four companies, from Schur International in Denmark. Five further businesses were acquired before the end of 2014. Also in 2014, PS Polymer Sourcing was founded as an additional separate business unit.
New owner Lindsay Goldberg plans further bolt-ons for the group.
Company
Schur is a group of 12 companies offering packaging products and machines. The product portfolio consists of packaging systems for the food, tobacco and pharmaceutical markets.
Baden-headquartered Schur has factories in Denmark, Sweden, Germany, France and the US. In 2015, the group generated sales of €370m and employed 1,100 staff.
People
Capiton – Manuel Hertweck (managing partner); Alexander Marxen (investment manager).
Schur – Jakob Mosser (CEO).
Advisers
Seller – MP Corporate Finance (M&A); Kirkland & Ellis (legal); Deloitte (financial due diligence).
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