Saica Group Acquires Thimm Group to Strengthen European Market Position
The Saica Group has announced its acquisition of the Thimm Group, a prominent provider of sustainable corrugated packaging solutions, marking a significant move in the European packaging sector. Founded in 1949, Thimm operates across Germany, Poland, the Czech Republic, and Romania, employing approximately 2,500 people and generating revenues of EUR 539 million in 2024.
Saica, headquartered in Zaragoza and established in 1943, is a leading paper and packaging manufacturer in Europe, boasting revenues of around EUR 3.962 billion in 2025 and a workforce exceeding 12,000. The acquisition aims to enhance Thimm’s growth prospects and secure its long-term future under Saica’s robust operational framework.
Mathias Schliep, Chairman of the Board of Directors at Thimm Group, stated that the decision to sell was driven by the need to position the company for sustainable growth in an increasingly competitive market. He emphasized the complementary nature of both companies’ operations across Europe, which will provide stability for employees and customers alike.
The two family-owned companies have maintained a successful partnership since the late 1990s, including a strategic sales alliance and a joint venture in Poland. Schliep highlighted the cultural alignment between the two organizations, which he believes will facilitate a smooth integration.
Susana Alejandro, President and CEO of Saica Group, expressed enthusiasm for the acquisition, noting the potential for collaboration and growth in markets where Saica has not previously operated. She underscored the importance of shared values and a commitment to sustainability as they move forward together.
The Thimm family will fully exit the company as part of the transaction, which is pending approval from relevant antitrust authorities. The purchase price remains confidential. This acquisition is expected to create a stronger family-owned entity in the European packaging market, with Saica’s financial strength providing a solid foundation for future investments in technology and digitalization.