Saica Group has signed an agreement with Taschetti to acquire a minority share of two corrugated board plants in Italy.
The company reached an agreement with the family owners and has acquired a minority share of their corrugated plants in Annone di Brianza and Pietrasanta, Italy. These two plants have a revenue of €105m in 2022, and provide direct employment to 247 people.
“This operation is a step forward as it allow us to expand our footprint within the Southern European markets for corrugated board, in this case, by acquiring minority shares of plants in Italy. It is a great opportunity to increase Saica’s value proposition of sustainable packaging solutions for our customers” said Ramon Alejandro, President, Saica Group.
One of Saica’s 2025 strategic priorities is focused on sustainable growth, developing our business model across Europe.
“We are honoured to welcome Saica into our family. The time has come to open our shareholding to an international group and we have found the ideal partner in Saica. We are sure that the partnership will be successful and will allow us to face future challenges with greater determination and efficiency” said Adriano Taschetti, President, Adda Ondulati S.p.A. and representative of the Taschetti Family.