Clearwater International advises on sale of Schleipen & Erkens to Mondi Packaging

Clearwater Advisor

Clearwater International acted as sole financial adviser to G. Schürfeld + Co (GmbH & Co) KG on the sale of Schleipen & Erkens AG to Mondi Packaging AG.

With approximately 200 employees in four countries S+E Release generated consolidated sales of approximately €70m in 2005. S+E Release ranks among the top 3 companies in the worldwide release liner market. Schleipen & Erkens AG, headquartered in Julich, Germany, manufactures silicone coated release liners such as glassines, calendared crafts, clay and PE coated papers, and machine glazed crafts. It also offers polypropylene-based blown film.

Based in Hamburg, Germany, Schürfeld + Co KG is a seller of wood, pulp, paper and packaging materials.  The company specialises in chemical pulp, mixed hardwood, hardwood craft pulp and softwood craft pulp.

Mondi Packaging AG is an international packaging and paper group with operations across over 30 countries.

Clearwater International, led by partners Dierk Rottmann and Axel Oltmann, advised the Schleipen & Erkens  shareholders