Saica Group has reached an agreement with the group Norm Ambalaj to acquire their plant in Sakarya, Turkey. This acquisition would provide an increase of 75 million square meters in Saica´s corrugated board capacity while increasing its product footprint and product range for the Turkish market.
With this agreement, Saica takes a step forward in its business growth strategy, allowing the group an improvement in its service capacity and an increase in its supply for its customers in Turkey. This deal is still subject to approval by the Turkish anti-trust authorities. Representing Saica, EY and Bener participated as financial and legal consultants respectively while PAE and 3SEAS joined as legal and financial consultants on behalf of Norm Ambalaj group, also in that order.
“This operation is an opportunity to increase Saica´s value proposition of sustainable packaging solutions in the Turkish market. It will also optimize material and logistics costs for our customers while reducing Saica´s environmental impact”, said Pascal Giraud, General Manager, Saica Pack, a division of Saica Group.
Saica is one of the largest players in the development and production of recycled paper for corrugated cardboard in Europe, with a production of 3.3 million tons of paper.
