Schütz, a manufacturer of transport packaging with global headquarters in Germany, recently signed a purchase agreement for 100% of the shares in GEM Plastics Limited of Ireland.
The company, based in Cavan, Ireland, has manufactured plastic industrial packaging for more than 30 years, supplying the chemical, lubricant, food and beverage, and pharmaceutical industries. In addition to established plastic drums and jerrycans, the product range includes specific packaging solutions for individual customer requirements.
“We are very pleased about this strengthening of the group in these important geographical markets,” said Roland Strassburger, CEO of the Schütz Group. “In the future, we will be able to offer our local customers the most comprehensive range of products and services in the industrial packaging sector. GEM and Schütz fit perfectly together, and we thank Alec Milligan, the founder and owner of GEM, for his confidence in entrusting us with his company.”
Schütz has been represented in the United Kingdom since 1992 and Ireland since 2000. From these two locations, customers are supplied “promptly and effectively” with IBCs and plastic drums the company said. With the acquisition of GEM, the globally operating company in the industrial packaging sector is once again expanding its product range for customers in Ireland, the United Kingdom, and beyond. In addition to the established IBC and plastic drum product groups, they will now benefit from a wide range of jerrycans.
“GEM knows Schütz very well as a successful global company,” Milligan said. “Therefore, we are convinced that the philosophies of both family-owned companies are an excellent match. Schütz will continue to develop our company, securing the future of the business and will build on the success that has already been achieved by our excellent team.”
Milligan will continue to support GEM as a non-executive board member, Schütz said, and Maura Burke will continue to lead GEM as managing director, contributing her management experience in the interests of employees and customers.