TOP Packaging acquires United Packaging
Thimm Group is continuing its growth path and expanding in Poland. TOP Packaging, the joint venture owned by Thimm Group and located in Tychy in southern Poland, is acquiring United Packaging SA in Skarbimierz, near Wroclaw. The takeover of the plant, with over 100 employees, will be completed after approval by the Polish cartel office.
“Our expanded presence in Poland thanks to this acquisition will enable us to provide an even better supply to our Polish and international customers,” said Mathias Schliep, chairman of the Management Board of Thimm Group. “This is also the next step in our Europe-wide competence in supplying prominent consumer goods manufacturers. This will enable us to further develop our company over the medium term and to align ourselves with precision to the needs of regional and multi-regional customers.”
The TOP Packaging joint venture has been in existence since 2011. Thimm holds 51% of the shares with 49% belonging to the Saica Group. The two family companies have been working together successfully in a strategic sales alliance since the end of the 1990s. TOP Packaging in Tychy currently employs over 240 people and recorded revenues of about €40 million in 2018.