TOP Packaging, the joint venture owned by Thimm Group and located in Tychy in southern Poland, has completed the takeover the local supplier of corrugated cardboard packaging, United Packaging, in Skarbimierz near Wroclaw. FInancial terms were not disclosed. The TOP Packaging joint venture has been in existence since 2011. Thimm holds 51% of the shares with 49% belonging to the Spanish Saica Group, one of the biggest European producers of recycled paper for corrugated cardboard. The two family-owned and operated companies have been working together successfully in a strategic sales alliance since the end of the 1990s. TOP Packaging in Tychy currently employs more than 240 people and recorded sales of about €40m in 2018. With the takeover of United Packaging, these are supplemented by more than 100 employees of the production works in Skarbimierz. "This acquisition expands our production capacities in Poland. We are also planning investments in order to expand the capacities of the location. In addition to this, we can now supply our Polish and international customers even more quickly and have created the prerequisites for further growth.” Mathias Schliep, Chairman of the Management Board of the Thimm Group.