“We are very pleased to be taking this logical next step, building on our many years of close cooperation”, says Roland Straßburger, CEO at Schütz. “Acquiring this stake is another very important building block in our long-term strategy of continually expanding the closed loop economy model.” Johann Eigner, owner of the Bayern-Fass Group, adds: “We look back on a cooperation that has been exceptionally positive, and are proud that Schütz is now entering into an even closer relationship with Bayern-Fass. Our customers will benefit from this as we will be able to take our performance to the next level and support them with even more comprehensive solutions for the reconditioning and recycling of industrial packaging.”