:2023-08-31 Source:Saica Group Category: Industry
August 25, 2023-Saica Group has reached an agreement to acquire a minority share of Pacapime, the Belgian corrugated cardboard company. Pacapime generated revenues of 61 million euros in 2022, and provides direct employment to 109 people.
With its origins going back to 1919 and now based in Halle, Belgium, Pacapime has a strong presence in the Benelux countries, France and Germany, with 80 per cent of its sales in the food sector.
The company also shares Saica’s focus on sustainability, with a heavy use of recycled paper, its own solar panels that cover a third of its annual energy needs, and numerous water and energy efficiency measures in place.
“This partnership makes great sense for Saica, increasing our exposure to Northern European countries in the growing corrugated cardboard packaging market in which we are already leaders. Pacapime also shares our laser-eyed focus on sustainability and innovation, and we are confident that together, we will be able to bring our customers even better solutions and service as they seek to reduce the carbon footprint of their packaging,” said Ramon Alejandro, President of Saica Group.
One of Saica’s 2025 strategic priorities is focused on sustainable growth, developing its business model across Europe.
“Like Pacapime, Saica is a company rich in heritage and led by strong values, and we are delighted to welcome them as an investor and partner. Together, our additional scale and expertise will bring significant benefits for both parties and we are excited about the potential of this new international partnership” said Paul Pissens, owner at Pacapime.
About Saica Group
Saica Group is one of the leading companies in Europe in the manufacture of recycled paper for corrugated board, with an annual production capacity of 3.3 million tons of recycled paper for corrugated board. With more than 10,000 employees and a presence in Spain, France, Italy, Portugal, the United Kingdom, Ireland, Turkey, Luxembourg, the Netherlands, the United States and Poland, Saica Group has four business lines: manufacture of recycled paper for corrugated board (Saica Paper), waste management and environmental services (Saica Natur), production of corrugated board packaging (Saica Pack) and flexible packaging (Saica Flex). The group's turnover is ? 4.394 million (consolidated turnover at Dec. 31, 2022).
About Pacapime
Pacapime is a well known Belgian family owned cardboard and cardboard packaging manufacturer situated in Halle (near Brussels), with a production of 82 million m2 of cardboard in 2022. Generation after generation the company has grown, making sound investments and servicing their Customers successfully with a no-nonsense mindset.
