M&A DealNews B. Lotz

DZ BANK Corporate Finance / M&A advises the owner of B.Lotz Kunststoffverarbeitung on the successful asset sale to Safe Pack Group

In May 2023, the sole owner of B.Lotz Kunststoffverarbeitung, Mr. Bernd Lotz, sold the major assets to the newly founded B. Lotz Solutions GmbH, a company of Germany-based Safe Pack Group. DZ BANK Corporate Finance / M&A organized and managed the transaction process as exclusive M&A advisor to the seller.

B.Lotz Kunststoffverarbeitung, based in Uslar and Rosdorf in Lower Saxony, is a value-added specialist for individual plastic packaging solutions for product and load securing, especially on pallets. The company supplies a wide range of B2B customers in Germany and abroad with machine and hand stretch films, both as traded commodity and under its own brand name stabilofilm®. The company employs over 40 employees and generated sales revenues of around EUR 20 million in the fiscal year 2022.

The buyer is the family-owned Safe Pack Group, headquartered in Enger, North Rhine-Westphalia. The group was founded in 1987 by Ernst Schlüter and Detlef Szymanski and is also active in the packaging industry. In addition to stretch films, Safe Pack's product portfolio also includes PE-films, solid and corrugated cardboard, twin-wall sheets, desiccants and VCI applications. With the sons Lennart Schlüter and Mathis Szymanski, the second family generation is now active in leading roles for the group of companies. From locations throughout Germany more than 60 employees serve customers at national and international level.

Besides their passion for packaging both companies are also closely linked by their business model. As such, the activities of B.Lotz focus on developing and customizing individual stretch film solutions while outsourcing the capital- and asset-intensive film production to partners. Both companies differentiate themselves on the market by providing application-specific advice to their customers on optimizing the interaction between film, machinery, and product with the aim of achieving economical and sustainable application through lower material consumption. Synergies are to be achieved primarily through the mutual marketing of products to existing and new customers. Through this acquisition, Safe Pack gains additional expertise and competence, further enhancing its existing stretch film activities.

Responsible for DZ BANK were Martin Petsch, Benedikt Fischer and Sebastian Baier.