WestRock, a provider of paper and packaging solutions, has agreed to acquire Germany-based Schlüter Print Pharma Packaging for an undisclosed sum.
Image: WestRock to acquire Schlüter Print Pharma Packaging. Photo: courtesy of IndypendenZ. / FreeDigitalPhotos.net.
Schlüter Print Pharma Packaging is engaged in the supplying of a full range of leaflets and booklets to its customers in the healthcare, pharmaceutical and automotive industries.
The acquired business will enable WestRock to better serve customers across Europe.
WestRock’s multi packaging solutions business president Marc Shore said: “Schlüter has an excellent reputation as a high-quality supplier to customers in the pharmaceutical and automotive industries, and this acquisition will enable us to build our business in these growing markets.”
Schlüter has a production area of 13,000m², which will be used for primary and secondary packaging applications. It also has an addition 90,000m² of space to expand its operations.
The company uses UV flexographic printing technology to produce film solutions in its primary packaging area.
Schlüter carries out printing on materials such as aluminum, paper, laminated films and others.
The firm’s secondary packaging products include folding boxes and booklets such as pharmaceutical mini-brochures.
Schlüter uses folding machines with integrated code reading to produce a variety of folding combinations, enabling to better meet customer requirements.
The deal is subject to customary closing conditions. Once the transaction concludes, WestRock will include the acquired business in its multi packaging solutions business.
Schlüter Print Pharma Packaging owner Andreas Schlüter said: “We are excited about what becoming part of WestRock means for our customers and employees.
“We firmly believe that WestRock is well positioned to grow the business and continue developing solutions that will help our customers address the challenges they face today and in the future.”
In January this year, WestRock agreed to acquire US-based KapStone Paper and Packaging for an enterprise value of around $4.9bn.
Based in Northbrook of Illinois, KapStone produces and supplies containerboard, corrugated products and specialty papers, including liner and medium containerboard, kraft papers and saturating kraft.
With around 45,000 team members, WestRock manages more than 300 operating and business locations in the North America, South America, Europe, Asia and Australia.