Saica Group has reached an agreement with Schumacher Packaging to acquire their Polish subsidiary.
That includes all activities in Poland: the whole management, all employees, two corrugated board plants in Bydgoszcz and Wrocław, two paper mills in Grudziądz and Myszków, one of which was completely modernised in 2023 and three service centres. Completion of this transaction is pending clearance by the Polish anti-trust authorities, as well as the fulfilment of certain conditions precedent.
Schumacher Packaging Group has enjoyed a dynamic international growth over the years, with 26 sites in Germany, Poland, the Czech Republic, Great Britain, Italy and the Netherlands. In Poland, they have developed a solid portfolio of customers and they have a capacity production of 440,000 tonnes of paper and 535m sqm of corrugated board. Schumacher Packaging is comprised of 1,540 employees in Poland and the turnover was €327m in 2023 (aggregated sales).
“We are happy that we came to this agreement with Saica – for our employees and our customers,” said Björn Schumacher, CEO, Schumacher Packaging. “There is a cultural proximity between the two family-owned companies, which will allow for rapid integration. The two companies’ products and services are complementary in Poland. Saica fills a gap in its already extensive geographic coverage by expanding into Europe’s sixth largest economy. This is an important step for Schumacher Packaging, as well, to lead our successful and healthy medium-sized company into a long-term future. The spin-off of the Polish subsidiary will not cause any complications for the rest of the Schumacher Packaging Group. This is because the Polish organisation works almost independently of the other country organisations with its own management.”
“This will be an important milestone. Not only this is a step forward in Saica’s business growth strategy, but it also aims to further develop our infrastructure and services in Eastern Europe,” said Susana Alejandro, President, Saica Group. “We are eager to welcome the Schumacher people in Poland, and further develop our culture and values with them, caring for the future, valuing people and accepting the challenges we have ahead.”
This offer is part of the development plans of the company defined by Saica 2025, the strategic plan of the company. Back in 2011, Saica Group entered the Polish market through a joint venture with Thimm Group, acquiring a corrugated packaging plant in Tychy, named TOP THIMM (with 51% of shares and Saica Group with 49% of shares). In 2022, Saica Group acquired 76% of shares of Fox Recykling, a waste management company in the city of Gdynia.
