Saica has acquired the French group Emin Leydier, manufacturer of paper and corrugated packaging. This includes all of its shareholders; including part of First Eagle Funds for US investors, and the Emin family and Leydier family shareholders.
With this operation, Saica’s capacity of production of recycled paper for corrugated cardboard will increase by 800,000 tonnes, to reach 3.3 million tonnes. Saica will become one of the leading manufacturers of recycled paper for corrugated cardboard in Europe.
Saica also acquires, thanks to the transaction, an extra corrugated cardboard production capacity of 360 million square meters, becoming the 3rd corrugated cardboard packaging supplier in the French market.
Finally, the synergies created by this new group, in both recycled paper and corrugated board sectors will help Saica’s customers to lower their carbon footprint, according to the circular economy principles. This operation has been authorised by the European Commission Mergers Control Authorities.
Saica Group is the leader company in Europe in the production of recycled paper for corrugated cardboard, with a production of 2.5 million tonnes of paper.
The Emin Leydier group is specialised in the production of paper and corrugated packaging. In 2017 the group had an estimated turnover of Euro 378.4 million.
