Film company passes into Austrian hands and hires

Film company passes into Austrian hands and hires
Film company passes into Austrian hands and hires

LEGS. Termoplast, a historic pioneer company in the production of films in Europe, was acquired by the Schur Flexibles group specializing in packaging serving the food, medical and sanitary industries. The sum for this purchase is armored, but the reason is noted: Termoplast represents one of the three European companies leader in the production of fully recyclable films and at the forefront of the contribution of a circular economy. The company, which is located in Badia a Cerreto, a hamlet of Gambassi Terme, will always be led by the third generation of the Barnini family, which over time has consolidated with over 100 employees and a turnover of around 50 million euros in 2020.

The group that acquired Termoplast is based in Wiener Neudorf and could very soon meet the mayor of Gambassi Terme, Paolo Campinoti, to discuss a possible expansion of the production site which would subsequently lead to the recruitment of 20 to 30 jobs in the area. The deal was concluded a few days ago and represents a historic handover for the Barnini family that started the business 54 years ago and has consolidated over time. Not an easy choice, the one that was made, decided with a look to the future. Over the years, the company from Badia a Cerreto has supported events in the area and sponsored sports realities, as well as winning awards and certifications that have made it internationally appreciated and therefore attractive for foreign groups.

The new owner, Schur Flexibles, has 2,200 employees, 23 production plants in Western and Eastern Europe and generates a turnover of around 590 million euros. Furthermore, last May the same Schur Flexibles registered a change of ownership: the New York company Lindsay Goldberg in fact sold 80% of the company in question to the Austrian holding company B&C Group, maintaining a minority stake of 20% .

Schur Flexibles Group thus returned to Austrian control after a five-year interlude with Lindsay Goldberg. A step that did not affect the acquisition of Termoplast which took place at the end of June. With the incorporation of Gambassino Schur Flexibles is further focusing on sustainability and the circular economy: «We are thrilled to grow together in the Italian market, as well as in the markets currently served. Our portfolio of recyclable solutions, which can be effectively reprocessed, paves the way for sustainable packaging innovations that characterize a true circular economy, “he explained for the Austrian company. Michael Schernthaner.

The group was already present in Italy, after having taken over Sidac, a flexible packaging company based in Forlì in Emilia Romagna, last April.

Now it is Termoplast’s turn: «The company is known in our sector as an excellence, we have already collaborated with them in the past and we are convinced that we can do our best together to produce packaging that is oriented towards the future» continues Schernthaner.

The intent of the new owner is to transform Termoplast in the future as one of the key centers of excellence for solutions related to sustainable and innovative packaging. So in the hamlet of Badia a Cerreto the arrival of the new property is expected, which will meet the mayor Campinoti to deepen the details of a possible expansion of the production site, currently over 26 thousand square meters, which would then involve hiring. –

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