Daily Newsletter

24 July 2024

Daily Newsletter

24 July 2024

Saica reaches agreement for Schumacher’s Polish subsidiary

The deal leads to an additional 440,000t of paper being provided to Saica.

Luke Martin July 23 2024

Saica Group, a leading European packaging company, has signed an agreement to acquire the Polish subsidiary of Schumacher Packaging, a major player in customised corrugated and solid board packaging.

The deal, subject to regulatory approval, strengthens Saica's presence in Eastern Europe and adds significant production capacity.

Schumacher Packaging's Polish operations boast a strong track record, employing more than 1,540 people across two corrugated board plants, two paper mills (one modernised in 2023), and three service centres.

This acquisition brings an additional 440,000 tonnes (t) of paper and 535 million square metres of corrugated board production capacity to Saica, along with a well-established customer base.

The transaction aligns with the strategic vision of both companies - a commitment to sustainable packaging solutions made from renewable materials.

Sharing similar family-owned values, Saica and Schumacher Packaging believe the cultural fit will facilitate a smooth integration process.

"This agreement benefits both our employees and customers," said Björn Schumacher, CEO of Schumacher Packaging.

"Saica's extensive geographic reach complements our offerings in Poland, Europe's sixth-largest economy. The Polish subsidiary operates largely independently, and this spin-off allows us to secure its long-term success.

"This is an important step for Schumacher Packaging, as well, to lead our successful and healthy medium-sized company into a long-term future.”

“Not only this is a step forward in Saica’s business growth strategy, but it also aims to further develop our infrastructure and services in Eastern Europe,” added Susana Alejandro, president of Saica Group.

The acquisition aligns with Saica's 2025 strategic plan, which emphasises business growth.

Notably, Saica entered the Polish market in 2011 through a joint venture with Thimm Group and further expanded its presence in 2022 by acquiring a majority stake in Fox Recykling, a Polish waste management company.

This latest move solidifies Saica's commitment to the Eastern European market.

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