Linhardt acquires Pioneer Group

Since summer 2023, the management of the Linhardt Group and the owner family of the Indian aluminium tube and can manufacturer, Pioneer Group, have been in intensive talks about Linhardt acquiring the Pioneer Group with all its companies and loca­tions.

Linhardt Group and the Pioneer Group have signed a “share purchase agreement” (SPA) with effect from 1 April 2024, for the complete acquisition of Pioneer Extruders Pvt. Ltd and Jeevanlakshmi Packaging Solutions Pvt. Ltd, with their four Indian locations in Daman, Union Terri­tory of Daman and Dadra Nagar Haveli and Sanjan, in the state of Gujarat, the Dahanu location in the state of Maharashtra, and the Sancoale location in the state of Goa. Both parties expect the acquisition to be completed by June 2024 at the latest.

Until the so-called closing in June, the owner family, Patel, will continue to handle the opera­tional management of the Pioneer sites in close coordination with the Linhardt manage­ment. Within the next few days, intensive discussions will be held with the workforce, all busi­ness partners and stakeholders on site in India, to ensure a smooth transfer of ownership based on trust.

With this acquisition, said Linhardt CEO, Johannes Schick, “Linhardt will open a new chapter in its 80-year history and further expand its global market leadership in high-quality aluminium tubes for the pharmaceutical industry, and thereby strengthen and relieve the existing Linhardt Group locations. We would like to expressively thank the Patel family and its CMD, Kishor J Patel, for his life’s work and vision. As an internationally active family business, Linhardt will continue the values and tradition of Pioneer with great respect. Linhardt warmly welcomes the more than 500 Pioneer employees to the Linhardt family.”