Schur acquires Interket’s Danish label operation

Schur Group and Interket Group have agreed on merging their Danish label activities into one company under Schur Labels' brand and ownership, effective March 1, 2021.

Schur Group and Interket Group have agreed on merging their Danish label activities into one company under Schur Labels' brand and ownership

The Interket Group will divest its operating business and assets within Denmark, while Interket will remain the holding company for the Interket Group. 

‘The Danish market is a limited part of the Interket Group, and we have for some time evaluated different options to strengthen our position, including the recent investments in a digital print platform. When this opportunity arose, we immediately saw the industrial logic and potential in merging the two companies, creating a new strong contender within the Danish labels market-based in Horsens,’ commented Carl Parkander, CEO of Interket Group.   

CEO of Schur International Holding, Hans Schur, commented on the acquisition: ‘Since 2019, the production of labels has been part of our portfolio and we have discovered great synergies with the other activities in our group. To merge Schur Labels with Interket Denmark is a unique opportunity for us to unite the two companies in a new facility at the premises of Schur Technology in Horsens with state-of-the-art production technology - Schur Labels will become one of the largest players on the Danish label market. The fact that Schur and Interket also match each other on values, service, and quality just makes it even better.

The acquisition is expected to enable the Interket Group to increase further its focus on more strategic markets such as The Netherlands, UK, Germany, Sweden, and France.

‘We are happy to sell to a player like Schur, which is so well-established in the Danish market. With the divestment of Interket Denmark, we get the chance to focus on our other more strategically important markets in which we operate in. At the same time, we know that our Danish business unit continues in a competitive setup – and still with a solid base in Horsens, which is amazing.’