FDBusiness.com

The news has emerged that Spanish giant Saica Group are set to acquire Irish-owned Americk Packaging Group for an undisclosed fee.

Americk consists of six manufacturing sites across Ireland and the UK. It employs 691 staff as well as additional operations with separate brands PP Global and Starfish Brand Solution. The group achieved a combined turnover of £110 million last year. They produce labels and cartons for clients in the food and beverage industry, and beyond.

Saica, meanwhile, boast operations in Spain, Italy, Portugal, UK, Ireland, Turkey and Luxembourg with over 8,000 employees. They produce 2.5 million tonnes of recycled paper per year, across their four divisions which included production for corrugated cardboard, recyclable materials recovery, corrugated packaging and flexible packaging. Their group achieved a turnover of nearly €2.37 billion in 2015.

Americk Packaging’s CEO, Patrick Doran, says: “This approach has taken some careful consideration by me and our senior management team. Saica are a family run business with a strong code of ethics and compliance which has been of paramount importance when considering the fit with our business, culture and most importantly our staff and customer base.”

“I have informed our staff, customers and suppliers of this positive move that will catapult the Americk Packaging brand into the international packaging market; whilst adding value and opportunities for our loyal staff, customers and suppliers.”

Roman Alejandro, President of Saica, comments: “This agreement allows us to enter the flexible packaging market in Ireland and the UK more actively, hand in hand with a leading player. [It enables] the Saica Group to continue its development in the flexible packaging sector with the aim of offering a wider range of products and services to our customers.”