Schur Flexibles acquires Sidac Italian confectionery packaging business
Austrian-based Schur Flexibles packaging has expanded into the Italian market in acquiring Sidac SpA, delivering an additional centre of excellence for the group, writes Neill Barston.
According to the business, which has its headquarters in Wiener Neudorf, the two companies share a common entrepreneurial spirit, with the move considerably expanding its reach in the region.
With its commitment to sustainability the modern production plant in Forli near Bologna also complements the
growth strategy of Schur Flexibles Group in Europe.
Sidac has an annual revenue of approx. EUR 34 million last year and a workforce of 120 employees, located in
Forli near Bologna has been a successful manufacturer of flexible packaging since 1929, particularly in the food,
beverage, and confectionery segments.
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.
Thanks to its high-performance facility for solvent recovery, Sidac also pursues the sustainable approach for a
circular economy, which is the hallmark of Schur Flexibles.
With its modern machinery park, today Sidac ranks among the leading players in Italy in alongside an attractive and steadily growing customer base from different industrial segments. The newly acquired company compliments 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”, explains Michael Schernthaner, CEO of Schur Flexibles.
The integration in the Schur Flexibles Group also paves the way for Sidac to gain access to the entire European
market. The local Sidac management, which has been responsible for the company’s strategic path for some 20
years, sees major opportunities resulting from joining forces with its new owner.
Luca Mazzotti, Managing Director of Sidac said: “As part of an internationally successful group, we can enhance the visibility of our strengths and competencies on the entire European market. 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.”