Event dates: May 04 – May 10
Location: Düsseldorf, Germany
Andreas Schütte (56) has been appointed Chief Executive Officer of the PACCOR Group, effective March 1, 2019, with Zdenek Rybczuk as the Group’s COO and Andy Hollyhead as CFO.
In 2018, PACCOR generated revenues of around €600 million with a workforce of some 3,000 employees active at 20 production sites across Europe as well as the United States. Based in Zell, Germany, the company is a leading manufacturer of rigid packaging solutions for the food industry.
Prior to joining PACCOR, Andreas Schütte held various board member and management positions in international companies, including Hydro Aluminium and the Siteco Group. As a Board member of Gerresheimer AG, a group listed on the MDAX, he was responsible for the “Plastics & Devices as and “Advanced Technologies” segment.
Sights set on organic, international growth and takeovers
Lindsay Goldberg, a private investment firm based in New York, acquired Coveris Rigid in August 2018 and renamed the company as PACCOR. As Thomas Unger, partner at Lindsay Goldberg Vogel GmbH who is Lindsay Goldberg’s Affiliate Partner in Germany and Central Europe, stated: “We intend to drive organic and international growth forward and also make acquisitions that add strategic value”.