Saica Group acquires majority share of LIC Packaging in Italy

mai 17, 2024
Source:
Saica/Fordaq
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Saica Group has reached an agreement with the family owners of LIC Packaging to increase its participation, becoming the major shareholder of the company. LIC Packaging is located in the province of Brescia, in Lombardy, northern Italy. This plant has a revenue of Euro 120 million in 2023 and provide direct employment to 351 people. The Bertoldo family will remain in the management of the business. 

Saica already acquired a minority stake in the company in 2001, which allowed LIC Packaging to expand its facilities and to approach the international market.

“This operation is a step forward as it allows us to expand our footprint within the Southern European markets for corrugated board, in this case, by acquiring a majority share of the plant in Italy. It is a great opportunity to increase Saica´s value proposition of sustainable packaging solutions for our customers”, said Ramón Alejandro, President of Saica Group. 

One of Saica’s 2025 strategic priorities is focused on sustainable growth, developing its business model across Europe.  

Saica Group is one of the leading companies in Europe in the manufacture of recycled paper for corrugated board, with an annual production capacity of 3.3 million tons of recycled paper for corrugated board.