Schur Flexibles Group completed the acquisition of Sidac from Orienta Partners.

Schur Flexibles Group, an international provider of sustainable packaging solutions, completed the acquisition of Sidac, an Italian manufacturer of flexible packaging, from Orienta Partners, an investment firm. Financial terms were not disclosed. “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,” Michael Schernthaner, Schur Flexibles CEO.