Schur Flexibles Group Acquires Moneta-S, Slovakian manufacturer of flexible packaging

The Austrian company Schur Flexibles Group has acquired 100% of the share capital of Moneta-S, a well-known Slovakian producer of innovative flexible packaging solutions.

Schur Flexibles, headquarted in Baden, Austria, was established through a “buy and build” concept by the private equity company Capiton and Mr. Jakob A. Mosser, a flexible packaging industry expert and investor. Schur Flexibles employs currently a staff of about 1150 and operates 9 companies in Germany, Denmark, Finland, Netherlands, Poland and Greece. Including Moneta S, the group sells its products to more than 50 countries worldwide, generating yearly revenues of about EUR 265 million.

Founded in 2002, Moneta-S has developed a state-of-the-art proprietary technology and wide range of innovative products, that are characterized by unique thinness of rotogravure printed films with excellent machine "runability" and superior aesthetics while being ecologically sustainable. Moneta's innovative technologies have been awarded with the Gold DuPont Most Innovative Packaging Award in 2011.

Over 46 global and European food manufacturers chose Moneta-S as their preferred packaging supplier that provides them with highest quality, superior cost effectiveness and excellent customer service. “We are very pleased to strengthen our group with the portfolio of one of the most innovative and environmentally friendly flexible companies in Europe. Moneta-S' manufacturing and sophisticated R&D capability, as well as access to the Eastern European market are a perfect fit”, says Jakob A. Mosser, CEO of Schur Flexibles.

“This acquisition will give us the opportunity to utilize Moneta’s breakthrough technology throughout our eleven production plants and allow us to offer significant technological advantage to our customer base. Moneta S will play an important role to strengthen our focus on high value added flexible packaging solutions and technology leadership. “This is an exciting new chapter for Moneta-S”, said Alena Spinerova, Moneta’s CFO. “The acquisition gives us a great opportunity to expand Moneta-S’ technology, innovation and manufacturing to more customers across the world. Schur’s diverse product range and superior customer relationships combined with Moneta-S’ innovative technology and renowned customer service, creates a powerful partnership in the packaging industry. We are also extremely grateful to our advisors from UBS, KPMG Slovakia and Allen & Overy, whose deep knowledge and professionalism guided us through every step of this journey.”

The acquisition is effective immediately.

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