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Saica Group has acquired a minority stake in Belgium corrugated firm Pacapime

29.08.2023
in All News, News Europe
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“This partnership is a great opportunity for Saica, as it increases our presence in Northern European countries in the expanding corrugated cardboard packaging market, where we are already leaders,” says Ramon Alejandro, President of Group.

“Pacapime also has our same vision of sustainability and innovation, and we are sure that together, we can offer our customers even better solutions and service as they aim to reduce the carbon footprint of their packaging.”

The deal is meant to help Saica grow in Northern Europe. Pacapime has sales of €61m and employs 109 people.

About 80% of its sales are in food and it has a strong presence in France, Germany and the Benelux countries.

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Tags: PacapimeRamon AlejandroSaica Group

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