INDUSTRIAL Packaging company Schutz GmbH & Co. KGaA (HQ Selters, Germany) and Australian-based DSL Packaging have formalised a new partnership deal following the decision by Schütz to acquire a majority interest in the Australian industrial packaging company.
The announcement, recently made from Schütz headquarters in Germany, is said to represent an important milestone for both companies which have until now been connected through a licensing agreement awarded by Schütz to DSL in 2001.
The decision by Schütz to invest in DSL Packaging coincides with the Australian company’s recent moves into South East Asia, where their first manufacturing facility is currently under construction in Nilai, Malaysia.
The new operation is said to service the growing demand for Schütz IBC’s (intermediate bulk containers) and drums in the region.
DSL Packaging managing director Steve Johnston confirmed that the new company partnership would allow Schütz and DSL to fast track expansion plans into South East Asia, which were already “well underway”.