Following the transaction, CEO and co-owner Jakob A. Mosser, who has led the Company over the last five years, will continue to lead Schur Flexibles. "We aim to drive organic growth and make accretive acquisitions. We have already identified a number of target companies that could create value for the portfolio," said Dr. Thomas Ludwig, managing partner of Lindsay Goldberg's German affiliate.
The acquisition of Schur Flexibles represents Lindsay Goldberg's second investment in a European packaging company. In 2012, Lindsay Goldberg invested in the Weener Group, working with management to achieve significant growth. During Lindsay Goldberg's ownership period, employee headcount increased from 1,200 to 2,000, sales increased from €140 million to €270 million, and earnings achieved similar performance.
Michael Dees, a Partner at Lindsay Goldberg, added, "The acquisition of Schur Flexibles aligns perfectly with Lindsay Goldberg's investment strategy in Germany and other markets. We are very excited to partner with and support the Schur management team as it continues to pursue its successful growth strategy."
The transaction is subject to customary closing conditions and is expected to close in the third quarter.
About Lindsay Goldberg
Lindsay Goldberg is a private investment firm with approximately $13 billion of equity capital that focuses on partnering with family-owned and entrepreneur-led businesses seeking a partner to help actively build their businesses. For more information about Lindsay Goldberg, please visit www.lindsaygoldbergllc.com.
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SOURCE Lindsay Goldberg