Acquisition of Envases y Laminados, S.A. de C.V. in Mexico
In December 2017 the German transport packaging producer signed a purchase agreement for 100 per cent of the shares of Envases y Laminados, S.A. de C.V. (ELSA). Closing is expected to take place in early 2018, subject to the pending approval of the Mexican antitrust commission COFECE.
ELSA is the leading supplier of rigid industrial packaging in Mexico. The company has been co-operating with Schütz under licence agreements for the manufacturing and sale of Schütz IBCs and plastic drums for almost 20 years.
