16.04.2014

Logopak Expands Product Spectrum with Acquisition of LSS Etikettering

Logopak Systeme GmbH & Co. KG, a wholly owned subsidiary of the Lübeck-based Possehl Mittelstandsbeteiligungen GmbH, acquired all of the shares in the Danish company LSS Etikettering A/S, headquartered in Randers. The purchase contract was finalized by the two parties last week.

LSS Etikettering A/S is a leading SME manufacturer of labeling systems in Scandinavia, providing solutions for numerous industries with a focus on the pharmaceutical industry as well as the paint and coating industry. The systems made by LSS place relevant data and product information on objects like bottles, syringes and paint cans. The company has been operating on the market for over 35 years and generates annual sales of roughly € 6 million with about 30 employees. LSS places an emphasis on the development and manufacture of complex custom solutions. The three previous managing directors will continue to lead LSS in the future. For Morten Bach Nielsen, Managing Director of LSS, the acquisition by Logopak is a true stroke of luck: “With the strong backing of Logopak, we have great prospects for expanding our solution expertise outside of Scandinavia as well and will be able to grow sustainably.”

For Dietrich Barsch, Managing Director of Logopak, the purchase of LSS represents an ideal addition: “At Logopak, we have mainly focused on labeling packaging and secondary packaging, while LSS prints data directly on individual products. This provides both companies with numerous synergy potentials without a loss of independence. LSS will particularly benefit from the strong service and sales team at Logopak.”

Since its acquisition by Possehl in 2011, Logopak has developed very positively. Net sales rose the last two years by over 20% – reaching € 32 million last year. Even the number of employees has increased significantly to 184 people. With the acquisition of LSS, Logopak is continuing its sustainable, profitable growth course.

For more information about LSS click here: http://www.lss-dk.com/en/

v.l. Dietrich Barsch, Logopak Geschäftsführer; Jan Vinther, LSS Key Account Manager; Harald Herrmann, Logopak Geschäftsführer; Morten Bach Nielsen, LSS Geschäftsführer; Peter Bastholm Hansen, LSS Konstruktionschef