“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.”
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.
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.
