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.
Thimm Group is the leading solutions provider for the packaging and distribution of goods. Its portfolio includes corrugated cardboard transportation and sales packaging, high-quality promotional displays, packaging systems combining a range of materials and print products for further industrial processing. The company’s product offerings are further enhanced by a wide range of associated packaging services covering the entire supply chain. Its customers include prestigious branded product groups from across all sectors. Founded in 1949, the family-owned business has currently more than 3,500 employees at 22 sites in Germany, Czech Republic, Romania, Poland, France and Mexico and generated in 2018 annual revenues of around 645 million euros.