Saica Group acquires minority share of Pacapime in Belgium

Feed: 3545 - Date: 8/28/2023 - Views: 40

Saica Group has reached an agreement to acquire a minority share of Pacapime, the Belgian corrugated cardboard company.

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 Pacapime generated revenues of Euro 61 million in 2022, and provides direct employment to 109 people.
The company also shares Saica’s focus on sustainability, with a heavy use of recycled paper, its own solar panels that cover a third of its annual energy needs, and numerous water and energy efficiency measures in place.
“This partnership makes great sense for Saica, increasing our exposure to Northern European countries in the growing corrugated cardboard packaging market in which we are already leaders. Pacapime also shares our laser-eyed focus on sustainability and innovation, and we are confident that together, we will be able to bring our customers even better solutions and service as they seek to reduce the carbon footprint of their packaging,” said Ramon Alejandro, President of Saica Group.
One of Saica’s 2025 strategic priorities is focused on sustainable growth, developing its business model across Europe.
.Group is one of the leading companies in Europe in the manufacture of recycled paper for corrugated board, with an annual production capacity of 3.3 million tons of recycled paper for corrugated board.
Pacapime is a well known Belgian family owned cardboard and cardboard packaging manufacturer situated in Halle (near Brussels), with a production of 82 million m² of cardboard in 2022.

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