Saica Group has reached an agreement with Norm Ambalaj to acquire their plant in Sakarya, Turkey. This acquisition would provide an increase of 75 million sqm in Saica’s corrugated board capacity, while increasing its product footprint and product range for the Turkish market. Saica and Norm Ambalaj will continue their collaboration following this partnership agreement.
With this agreement, Saica takes a step forward in its growth strategy, allowing the group an improvement in its service capacity and an increase in its supply for its customers in Turkey. This deal is still subject to approval by the Turkish anti-trust authorities.
In 2014, Saica entered the Turkish market and since then, the group has made several investment projects to further develop its infrastructures and machinery in the country. The latest investment was a new corrugator in 2017.
“This operation is an opportunity to increase Saica’s value proposition of sustainable packaging solutions in the Turkish market. It will also optimise material and logistics costs for our customers while reducing Saica’s environmental impact,” said Pascal Giraud, General Manager, Saica Pack.
