SE Labels acquired
by Scandinavian group
Skanem Industries, a Norwegian-based packaging company, has its sights on SE Labels. With a turnover of over $170 million, the SE group is arguably Europe’s largest producers of self-adhesive labels: It has five plants in the UK and another five in Scandinavia and Germany.
Skanem has worked with SE on several projects. Following an agreement to buy just over 52 percent of the company’s shares, it planned to bid for the remainder and complete the deal by the end of 2001. This would return SE Labels to Norwegian ownership. Restructuring plans have been constantly in the news over the past 18 months. In January 2001 it demerged from Reiber & Son, a food-based conglomerate, to merge with sister company Riflex Folie.
Allied Domecq recently awarded SE Labels the contract to apply a complete label and labeling makeover from design through application for its prestigious