The family owners of THIMM Group have decided to sell the company to Saica Group. The two family-owned companies have maintained a close partnership since the 1990s and have successfully operated a joint venture in Poland since 2011.
Founded in 1949 by Walter Felix Thimm, Thimm has since grown into a company operating throughout Europe. In 2024, Thimm generated annual sales of approximately €539 million with around 2,500 employees.
Mathias Schliep, Chairman of the Board of Directors, Thimm Group, says, “After two years of successfully consolidating our business, we have spent the last few months focusing intensively on how to position our company securely for the long term. We are convinced that in a highly competitive market, only a few large players will gain market share in the future. We have decided to sell to the largest family-owned company in the sector in Europe in order to secure Thimm’s growth prospects and thus its future under one strong umbrella. For our employees, this is the best and, above all, most stable option. The locations of both companies complement each other perfectly; together, we cover all of Europe.”
Susana Alejandro, President and CEO, Saica Group, adds, “We are very much looking forward to welcoming our new colleagues in Germany, Poland, the Czech Republic, and Romania to Saica and to further developing our culture and values together: a sense of responsibility for the future, mutual respect, and a clear commitment to mastering the challenges ahead together. Thimm brings strong regional expertise and a high level of customer focus to markets where Saica has not previously been present. Together with Thimm, we see considerable potential to further expand our leading position in the highly competitive European market.”
As part of the acquisition, the Thimm family are leaving the company. Schliep concluded, “This step is not easy for the families. However, it is being taken with the conviction that it secures the best development opportunities for Thimm. A family-run group is being created in Europe with a very good future outlook. Saica’s financial strength makes it possible to securely finance the highly cyclical business and to drive the long-term growth strategy forward with investments in technological developments and the digitalization of the business. Saica is an ideal partner for us.”
The sale is still subject to antitrust approval. Both parties have agreed to keep the purchase price confidential.
