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Announced

Saica Group completed the acquisition of Polish subsidiary of Schumacher Packaging.

Synopsis

Saica Group, a company offering sustainable paper solutions, completed the acquisition of Polish subsidiary of Schumacher Packaging, a third-generation family-run packaging company. Financial terms were not disclosed. “This will be a very 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. 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”, Susana Alejandro, Saica Group President.

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