Apollo Global and Schur creditors to acquire a 80% stake in Schur Flexibles from B&C Group.

Private equity firms Apollo Global Management and Schur creditors, agreed to acquire an 80% stake in Schur Flexibles, a packaging manufacturer from B&C Group, a long-term investment company. Financial terms were not disclosed. The exit comes after B&C discovered massive irregularities in the balance sheets of previous years and gross misconduct by former managers at Schur Flexibles.