Schur Flexibles Group acquires Sidac
Published: 7 April 2021 | No comments yet
Sidac's solvent recovery plant
Italian flexible packaging manufacturer Sidac, has been acquired by Schur Flexibles Group to expand its network on the Italian market.
With annual revenue of approximately €34million last year and a workforce of 120 employees, Sidac, located in Forli near Bologna has been a successful manufacturer of food, beverage, confectionery and animal feed segments packaging since 1929.
The product portfolio primarily encompasses complex laminates supplied on reels and used in the ready-to-eat convenience food and pet food segment (stand-up pouches). This comprises a market segment generating dynamic growth thanks to the reduction of material use while maintaining a high level of functionality as a sustainable packaging alternative.
With a facility for solvent recovery, Sidac also pursues the sustainable approach for a circular economy. In this way, Sidac complements the centre of excellence concept of Schur Flexibles Group, which develops and produces flexible packaging innovations in a completely integrated value chain at 22 production facilities located in eleven European countries.
‘Italy is a significant growth market for us as a European player. Due to the acquisition of Sidac, we have gained an established partner for our regional expansion in Italy. In this case we can perfectly complement our competencies in the field of flexible packaging solutions in the food industry,’ explained Michael Schernthaner, CEO of Schur Flexibles.
The Sidac management, which has been responsible for the company’s strategic path for some 20 years, sees major opportunities resulting from joining forces with Schur Flexibles. ‘As part of an internationally successful group, we can enhance the visibility of our strengths and competencies on the entire European market,’ Luca Mazzotti, managing director of Sidac, confidently stated. ‘We are pleased that we will be able to serve as an even stronger partner for our existing customers from now on as well as for our future customers,’ he added.