Schur Flexible acquires Termoplast
Published: 1 July 2021 | No comments yet
To expands its recyclable packaging efforts Schur Flexibles has acquired Florence based film producer Termoplast following a short and efficient negotiation process.
Specialising in recyclable films, the facility produces 100% recyclable MDO-PE films which offer excellent processing qualities for all printing technologies and special applications for industrial companies and as well as for food, medical and pharmaceutical sectors.
Termoplast also operates its own recycling company for the purpose of implementing its zero waste strategy and putting the circular economy into practice – both during its own production and in the processing of post-industrial waste.
‘Termoplast is a perfect fit for Schur Flexibles Group. Its entire production process is geared towards sustainability. It is truly a best practice example of the circular economy, whether with respect to innovations, its product portfolio, the recycling of post-industrial waste. We look forward to growing together in Italy as well as in our existing markets. Our joint portfolio of recyclable packaging solutions with excellent processing qualities, such as MDO-PE films, paves the way for sustainable packaging innovations in a real circular economy,’ said Schur Flexibles CEO Michael Schernthaner.
The company’s product portfolio includes sustainable sealable, barrier and high-barrier films as well as peelable and reclosable films. The company pursues a holistic resource efficiency approach, with its recyclable MDO-PE films featuring an extremely low material thickness and excellent barrier and processing qualities. The company focuses on industrial customers, as well as the food, medical and pharmaceutical sectors.
‘We are very pleased that we will be able to continue supporting our existing customers and their business operations in Europe and pushing ahead with our clear focus on sustainability. Our innovations developed in close cooperation among our R&D teams will allow us to tap into new markets. As part of a strong European group, we will also secure long-term, qualified jobs for our employees,’ stated Salvino and Sandro Barnini, the company’s current owners and managing directors.
With around 100 employees, the family business, now being managed by a team of the second and third generations, reported annual revenue of approx. € 50 million in 2020, producing an average of about 28,000 tonnes of film material per year. All waste from the company’s own production operations is recycled in line with its zero waste strategy. In addition, plastic waste from the region is also prepared for further processing by Termoplast’s own recycling company.