Elanders completes acquisition of Schmid Druck
Elanders AB has finalized the acquisition of German company Schmid Druck. The deal, announced in December 2015, aims to strengthen Elanders' position in niche packaging markets.
Elanders AB announced on December 15, 2015, that it has completed the acquisition of Schmid Druck, a German company specializing in advanced packaging and print solutions for marketing materials. The acquisition was initially announced on December 2, 2015.
This move is part of Elanders' broader strategy to expand its presence and offerings within the niche packaging products segment. Schmid Druck's expertise in unique print solutions is expected to complement Elanders' existing capabilities.
The company aims to leverage this acquisition to further solidify its market position and provide enhanced services to its client base. Elanders focuses on developing its business in specialized packaging, catering to diverse industrial needs and high-end marketing requirements.
Further information regarding the acquisition details can be found in the press release dated December 2, 2015. Elanders President and CEO Magnus Nilsson and CFO Andréas Wikner are the designated contacts for any additional inquiries.