What we did
Capitalmind actively supported Schutte Bagclosures as exclusive M&A advisor along the entire sell-side process: marketing materials, screening and selection of the relevant buyers through a competitive process, management of the due diligence and negotiation of terms and conditions of the deal plus ultimate closing of the transaction.
About the deal
Schutte Bagclosures is the European market leader in the production, sales and distribution of bag closures and binding materials. With its products, the company focuses on the bread and pastry industry, the food industry, industrial and agricultural markets and the plastic bags industry. With sales in more than 50 countries, Schutte has grown into a global player, known for its quality, reliability and optimal service.
Écart acquired a majority interest in Schutte in order to facilitate (international) growth, investments in product & business development and the buy-in of new management.