Schütz has signed an agreement for the purchase of 100 percent of the shares of Envases y Laminados, S.A. de C.V. (ELSA). Subject to the pending approval of the Mexican antitrust commission COFECE, the losing is expected to be completed in early 2018.
ELSA is the leading supplier of rigid industrial packaging in Mexico. The company, for the last 20 years, has been co-operating with Schütz under license agreements for the manufacturing and sale of Schütz IBCs and plastic drums.
“We are excited about this unique opportunity to be present in Mexico with a fully owned subsidiary. ELSA is well established and Mexico offers interesting growth perspectives for our industry as our customers perceive Mexico to be an integral part of the NAFTA region”, said, Roland Strass burger, CEO of the Schütz group. “In addition, we feel very much honored being entrusted by Carlos Mata with leading his company, which he has built up to be the market leader in Mexico over the last decades, into the future.”
Carlos Mata, sole manager and owner of ELSA, who is going to retire, commented, “I am extremely pleased to pass my company on to Schütz, a family-owned business-like ELSA, which stands for high-quality products and services world-wide, a long-term business approach and solid financials enabling a strong further development of ELSA in the years to come.”
Schutz, founded in 1958 with headquarters in Salters, has been developing and implementing better technical solutions that helped the company to reach a successful development. Meeting the challenges and needs of customers needs and respecting the environment is the focus of the company’s worldwide activities.
SCHÜTZ’s core competency lies in processing metal and plastic. SCHÜTZ Group is committed to the development, production, and sale of innovative products and patented manufacturing methods.