Spain based Saica has acquired the French group Emin Leydier, manufacturer of paper and corrugated packaging, from shareholders – including part of First Eagle Funds for US investors and the Emin family and Leydier family shareholders. Following this acquisition, Saica strengthens its growth strategy in Europe, enabling a significant increase in their capacity of services which allows its customers greater flexibility.
Emin Leydier has eight industrial locations in France – two paper mills with three paper machines, four integrated plants and two sheet plants. The group employs 1,029 people and had an estimated turnover of €378.4 million in 2017. Following the acquistion, Saica’s capacity of production of recycled paper for corrugated will increase by 800,000 tonnes to reach 3.3 million tonnes per annum and become one of the leading manufacturers of recycled paper for corrugated in Europe.
The synergies created by this new group, in both recycled paper and corrugated board sectors, will help Saica’s customers to lower their carbon footprint, according to the circular economy principles. Emin Leydier General Manager, Yves Herbaut said, “We are proud to be joining a renowned industrial player who shares our values of social dialogue, know-how and proximity to customers that opens extraordinary possibilities for the future.”
Saica’s President, Ramón Alejandro says, “We are happy to integrate Emin Leydier’s team within Saica. This transaction enables Saica to increase its packaging solutions value in the French and European markets thanks to materials and customers logistics costs optimisation at the same time as we lower our impact on the environment.”
