Saica Group acquires a minority share of Pacapime in Belgium
Saica Group has reached today an agreement to acquire a minority share of Pacapime , the Belgian corrugated cardboard company . Pacapime generated revenues of 61 million euros in 2022 , and provides direct employment to 109 people .
With its origins going back to 1919 and now based in Halle , Belgium , Pacapime has a strong presence in the Benelux countries , France and Germany , with 80 per cent of its sales in the food sector .
The company also shares Saica ’ s focus on sustainability , with a heavy use of recycled paper , its own solar panels that cover a third of its annual energy needs , and numerous water and energy efficiency measures in place . 114 FDPP - www . fdpp . co . uk
One of Saica ’ s 2025 strategic priorities is focused on sustainable growth , developing its business model across Europe .
“ This partnership makes great sense for Saica , increasing our exposure to Northern European countries in the growing corrugated cardboard packaging market in which we are already leaders . Pacapime also shares our laser-eyed focus on sustainability and innovation , and we are confident that together , we will be able to bring our customers even better solutions and service as they seek to reduce the carbon footprint of their packaging ,” said Ramon Alejandro , President of Saica Group .
One of Saica ’ s 2025 strategic priorities is focused on sustainable growth , developing its business model across Europe .
“ Like Pacapime , Saica is a company rich in heritage and led by strong values , and we are delighted to welcome them as an investor and partner . Together , our additional scale and expertise will bring significant benefits for both parties and we are excited about the potential of this new international partnership ” said Paul Pissens , owner at Pacapime .
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