Thimm Packaging Systems, a business division of Thimm Group, has successfully completed the takeover of the German ISL Group, having obtained the approval of the Federal Cartel Office. This means the expertise of ISL Group in reusable multi-material packaging will now be transferred to Thimm Group. It has been agreed that the purchase amount will not be disclosed.
The takeover will enable Thimm Group to expand its portfolio of reusable multi-material packaging solutions. “The integration of ISL into Thimm Group has been an important step within the context of our growth strategy. We are gaining two high-performance sites so we will now be able to offer our packaging solutions for reusable goods flows,” says Mathias Schliep, Chairman of the Management Board of Thimm Group. “Viernheim and Serba complement our existing sites almost perfectly, both technically and geographically.”
The conditions for the integration of ISL into the Thimm family business were excellent because Thimm Packaging Systems and ISL have been working together at different levels in a customer-supplier relationship since 2008 and furthermore, ISL is also a traditional family business. The expertise in the development and manufacture of technical moulded parts, along with packaging solutions made from expanded polypropylene (EPP), will also be transferred to Thimm Group. “The takeover will create synergies in our target sectors from which our former and new customers alike will derive benefit,” added Schliep. “Through the integration of both sites we are expanding our product range to cover reusable packaging. Our application areas are growing and we are also expanding our production capacities so this increased presence will bring us even closer to our customers.” Thimm is also intending to continue the close collaboration with the two ISL sites (Interobal) in the Czech Republic and in Slovakia.