Paper and packaging manufacturer Saica Group has acquired Thimm Group, a provider of corrugated packaging and display solutions for an undisclosed sum to bolster its regional capabilities in a competitive market.
Thimm Group, with a production capacity of 1.200 million square meters of corrugated board packaging, employs 2,500 people in Germany, Poland, Czech Republic and Romania. In 2024, the company reportedly generated revenues of approximately EUR 539 million.
Saica Group is a major European paper and packaging manufacturers, with its headquarters in Zaragoza. Founded in 1943, the family-owned company generated revenues of around EUR 3,962 billion in 2025 with more than 12,000 employees.
Mathias Schliep, Chairman of the Board of Directors at Thimm Group, commented:
“After two years of successfully consolidating our business, we have spent recent months intensively considering how to position our company securely for the long term. We are convinced that in a highly competitive market, only a small number of large players will be able to gain market share in the future. We therefore decided to sell the company to the largest family-owned company in the European industry in order to secure Thimm’s growth prospects and long-term future under a strong umbrella.”
Saica intends to continue operating within the existing structures. This ensures maximum continuity and security for both customers and employees.
Susana Alejandro, President and CEO of Saica Group says: “We look forward to welcoming our new colleagues in Germany, Poland, the Czech Republic and Romania, and to further developing our culture and values together: caring for the future, valuing people and embracing the challenges ahead. Thimm brings strong regional capabilities and a customer-driven approach in markets where Saica has not previously operated. Together with Thimm, we see significant potential to further strengthen our leading position in the highly competitive European market.”
The transaction is subject to approval by the relevant antitrust authorities.
In other acquisition news from across the globe, International Paper has acquired One Rock Capital Partners portfolio North Pacific Paper Company (NORPAC) for $360 million (€305,640,000), aiming to meet increasing demand for lightweight recycled containerboard.
Elsewhere, in an effort to expand its presence in Ecuador, Smurfit Westrock has completed an asset purchase of Cartomanabí – including its annual corrugated production capacity of over 50,000 tons.
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