06252024Tue
Last updateWed, 26 Jun 2024 8am
>>

Saica Group acquieres a minority share of ADDA Ondulati and Cartorobica in Italy

• Saica Group has signed an agreement with Taschetti to acquire a minority share of these two corrugated board plants in Italy

• Both plants currently employ 247 employees and have a revenue of 105 million euros in 2022.
• Adda and Cartorobica are glad to welcome the new shareholder, sure to create a successful partnership

Saica Group has reached today an agreement with the family owners and has acquired a minority share of their corrugated plants in Annone di Brianza and Pietrasanta, Italy. These two plants have a revenue of 105 million euros in 2022, and provide direct employment to 247 people.
“This operation is a step forward as it allow us to expand our footprint within the Southern European markets for corrugated board, in this case, by acquiring minority shares of plants in Italy. It is a great opportunity to increase Saica´s value proposition of sustainable packaging solutions for our customers” said Ramon Alejandro, President of Saica Group.
One of Saica’s 2025 strategic priorities is focused on sustainable growth, developing our business model across Europe.
“We are honored to welcome Saica into our Family. The time has come to open our shareholding to an international group and we have found the ideal partner in Saica. We are sure that the partnership will be successful and will allow us to face future challenges with greater determination and efficiency” said Adriano Taschetti, President of Adda Ondulati S.p.A. and representative of the Taschetti’s Family.
www.saica.com

 

comments
  • Latest Post

  • Most Read

  • Twitter

Who's Online

We have 10172 guests and no members online

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.