Saica Group completes acquisition of Schumacher Packaging in Poland
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Die spanische Saica Group hat die Übernahme von Schumacher Packaging in Polen abgeschlossen. Die polnischen Wettbewerbsbehörden haben die Ende Juli angekündigte Übernahme genehmigt.
The transaction has been completed and the integration process has begun, Saica announced at the beginning of November. The agreement covers all of Schumacher Packaging's activities in Poland.
In addition to two corrugated board plants in Bydgoszcz and Wroclaw, this also includes two paper mills in Grudziadz and Myszków as well as three service centers, the entire management and more than 1,500 employees. With the takeover of Schumacher Packaging, the Saica Group is expanding its presence in Poland, which will also increase the Spanish company's production capacity by a total of 420,000 tons per year of corrugated base paper to 3.7 million tons per year. Corrugated board capacity will increase by 530 million square meters.
