Saica Group has agreed to acquire Thimm Group in a major European packaging industry deal announced on May 12, 2026.
The acquisition combines two family-owned packaging companies with operations across Western and Eastern Europe. Saica said the transaction will strengthen its corrugated packaging network and expand its presence in Germany, Poland, the Czech Republic, and Romania. The deal is still subject to regulatory approval.
The move is significant for the wider Spain Packaging sector because corrugated packaging plays a central role in supermarket logistics, FMCG transport, e-commerce distribution, and private label supply chains across Europe.
What is corrugated packaging?
Corrugated packaging is a paper-based packaging material widely used for shipping, transport, retail-ready packaging, and warehouse distribution.
It is commonly used across supermarket, FMCG, fresh produce, and e-commerce supply chains because it is recyclable, lightweight, and suitable for large-scale logistics operations.
At a glance
- Saica Group will acquire Thimm Group
- The deal was announced on May 12, 2026
- Saica is headquartered in Zaragoza, Spain
- Thimm is headquartered in Northeim, Germany
- Thimm generated around €539 million in 2024 revenue
- Saica reported around €3.96 billion revenue in 2025
- The transaction still requires antitrust approval
Why is Saica acquiring Thimm?
The acquisition gives Saica stronger manufacturing and logistics coverage across Central and Eastern Europe.
Thimm operates production and packaging sites in Germany, Poland, the Czech Republic, and Romania. Those locations complement Saica’s existing operations across Western Europe and the United States.
The deal also increases Saica’s position in the highly competitive European corrugated packaging market.
How large are the two packaging companies?
Saica Group is one of Europe’s largest paper and packaging manufacturers.
The company reported revenues of approximately €3.96 billion in 2025 and employs more than 12,000 people globally. It operates across Spain, France, Italy, Portugal, the United Kingdom, Ireland, Poland, Turkey, Luxembourg, the Netherlands, and the United States.
Thimm generated approximately €539 million in revenue during 2024 and employs around 2,500 people. The company focuses on sustainable corrugated packaging and display solutions for industrial and consumer markets.
Why does the deal matter for supermarkets and FMCG?
Corrugated packaging remains one of the most important infrastructure categories across European grocery and FMCG supply chains.
Supermarkets, private label manufacturers, food exporters, and e-commerce operators all depend heavily on transport packaging for storage, logistics, shelf-ready retail packaging, and product protection.
The acquisition also reflects wider consolidation trends across the Europe packaging industry as larger companies seek stronger regional coverage and operational scale.
What industry trends are driving packaging consolidation?
European packaging manufacturers are facing increasing pressure to improve efficiency, recycling performance, and supply-chain integration.
Retailers and FMCG companies are also demanding more sustainable transport packaging solutions as governments tighten environmental regulations across Europe.
At the same time, packaging groups are investing more heavily in automation, digitalisation, and regional logistics networks.
What happens next?
The transaction will move forward through regulatory review by relevant antitrust authorities.
If approved, Saica is expected to integrate Thimm’s manufacturing network into its wider European operations while continuing to operate within existing business structures.
The acquisition could further strengthen Saica’s long-term position across the Spain Packaging market and the wider European supermarket supply chain sector.
Editor’s Note: Information in this article is based on the official transaction announcement released by Saica Group and Thimm Group on May 12, 2026.
