Saica.jpg

Advising SAICA on three acquisitions in the Netherlands

SAICA Group is one of Europe’s leading manufacturers of recycled paper for corrugated cardboard, with an annual production of more than 2.5 million tonnes of paper and a turnover of EUR 2.57 billion. The 70 year-old family business is headquartered in Spain and employs more than 9000 people across Spain, France, Italy, Portugal, United Kingdom, Ireland, Turkey, Luxembourg, and the Netherlands.

To diversify its activities in paper and paper packaging, SAICA decided to enter the flexible packaging market in 2015 with a buy-and-build strategy. In late 2016, it took decisive steps to enter the Dutch market via the acquisition of packaging companies Schut, Hellema and Lemapack. The three businesses are active in the flexible packaging industry, primarily for the food and tobacco industry, with two manufacturing plants and one international trading location, and a combined turnover of more than EUR 50 million.

The assignment

As a result of its strong relationships with SAICA and in-depth sector knowledge, NIBC was mandated as the exclusive financial advisor to assist in the search for potential targets in the flexible packaging market in the Benelux, Germany and Poland. In 2016, NIBC’s teams in Industries & Manufacturing and Mergers & Acquisitions advised on the acquisition of the three companies from Flexible Packaging Holding (FPH), in a transaction completed in December.

Adding value

The acquisition of Schut, Hellema, and Lemapack is the first acquisition for SAICA in the flexible packaging market in the Benelux. During the transaction process, NIBC combined its M&A expertise with its strong relationships with FPH’s owner to complete the transaction within just four months.

Delivering results

The acquisitions have greatly contributed to SAICA’s diversification plans and allowed it to firmly establish itself in the flexible packaging market in Western Europe; a market with long-term development potential.

Call me back
Please fill out your name Onderwerp is verplicht Please fill out your telephone number

Welcome to NIBC.com

We, NIBC Bank N.V., use functional cookies to ensure that this website works properly. We’d also like to place optional analytical cookies on your device which enable us to collect information about the use of this website, so that we can offer you an optimised website experience. You can choose not to provide your consent for the use of analytical cookies. If you do consent, you can withdraw your consent at any time. You can find more information in our Cookie Policy and our Privacy Statement.