European Commission approves Saica’s acquisition of Thimm’s corrugated packaging plants across four countries

EUROPE – The European Commission has approved Saica Group’s acquisition of Thimm Group’s nine corrugated packaging plants across Germany, Poland, the Czech Republic and Romania, adding 1,200 million square metres of production capacity and 2,500 employees to the Spanish group’s European network.

The deal, effective July 23, 2026, covers all Thimm operations in the four countries, including a preprint facility in Ilsenburg, Germany. 

The acquisition aligns with Saica’s 2025 strategic plan to develop local markets and strengthen its presence in Central and Eastern Europe. 

The Thimm family will fully withdraw from the business following the transaction.

Strategic Packaging Expansion Across Germany, Poland, Czech Republic and Romania

The acquired facilities include corrugated packaging plants in Alzey, Wolnzach, Eberswalde, Castrop-Rauxel and Northeim in Germany; Tychy and Skarbimierz in Poland; Všetaty in the Czech Republic; and Sibiu in Romania. 

Saica, which reported consolidated sales of €3.962 billion (US$4.16 billion) in 2025 with more than 12,000 employees across 112 plants, gains access to markets where it previously had no packaging operations. 

Thimm generated approximately €539 million (US$566 million) in revenue in 2024 with a production capacity of 1.2 billion square metres of corrugated packaging.

The combination of Saica’s existing operations and Thimm’s facilities creates a more balanced geographic footprint, reducing the group’s historical dependence on Southern European markets and strengthening its position in the high-growth Central and Eastern European region.

CEO Commits to Integration and Customer Continuity

Susana Alejandro, President and CEO of Saica Group, stated that the company is very pleased to welcome the Thimm team, whose knowledge and skills are highly valued in the sector. 

She noted that the European Commission’s approval of the operation is a very important milestone in Saica’s business growth strategy and aligns with the company’s development plans outlined in the Saica 2025 strategic plan. 

Saica intends to operate within Thimm’s existing structures to ensure maximum continuity and security for customers and employees. 

The combined group will have more than 14,000 employees across Europe, with complementary geographic coverage spanning from Spain to Eastern Europe. 

The integration is expected to deliver synergies in procurement, logistics and customer service across the expanded packaging network while maintaining Thimm’s established customer relationships.

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