Saica Group acquieres a minority share of ADDA Ondulati and Cartorobica in Italy
Zaragoza, 06 Jul 2023
• Saica Group has signed an agreement with Taschetti to acquire a minority share of these two corrugated board plants in Italy
• Both plants currently employ 247 employees and have a revenue of 105 million euros in 2022.
• Adda and Cartorobica are glad to welcome the new shareholder, sure to create a successful partnership
Saica Group has reached today an agreement with the family owners and has acquired a minority share of their corrugated plants in Annone di Brianza and Pietrasanta, Italy. These two plants have a revenue of 105 million euros in 2022, and provide direct employment to 247 people.
“This operation is a step forward as it allow us to expand our footprint within the Southern European markets for corrugated board, in this case, by acquiring minority shares of plants in Italy. It is a great opportunity to increase Saica´s value proposition of sustainable packaging solutions for our customers” said Ramon Alejandro, President of Saica Group.
One of Saica’s 2025 strategic priorities is focused on sustainable growth, developing our business model across Europe.
“We are honored to welcome Saica into our Family. The time has come to open our shareholding to an international group and we have found the ideal partner in Saica. We are sure that the partnership will be successful and will allow us to face future challenges with greater determination and efficiency” said Adriano Taschetti, President of Adda Ondulati S.p.A. and representative of the Taschetti’s Family.
About Saica Group
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. With more than 10,000 employees and a presence in Spain, France, Italy, Portugal, the United Kingdom, Ireland, Turkey, Luxembourg, the Netherlands, the United States and Poland, Saica Group has four business lines: manufacture of recycled paper for corrugated board (Saica Paper), waste management and environmental services (Saica Natur), production of corrugated board packaging (Saica Pack) and flexible packaging (Saica Flex). The group's turnover is € 4.394 million (consolidated turnover at Dec. 31, 2022).
About ADDA Ondulati S.p.A. and CARTOROBICA S.p.A.
ADDA Ondulati S.p.A. is a family-owned company founded by the Taschetti Family in 1949. For more than 75 years, it has been producing corrugated cardboard packaging at its Annone di Brianza (LC) site, which currently employs 162 people, reaching in 2022 more than 100 million square meters of corrugated cardboard produced and a turnover of € 65 million.
CARTOROBICA S.p.A. is a Family-owned Company founded by the Taschetti Family in 1972. For more than 50 years it has been producing corrugated cardboard packaging at its Calcinate (BG) site, which currently employs 85 people, reaching an output of more than 55 million square meters of corrugated cardboard and a turnover of € 40 million in 2022.