PaperAge Magazine

Americk Packaging Acquired by Spain's SAICA Group

Americk Packaging product display Americk Packaging produces a full range of printed packaging including: cartons, produce packaging, punnets, trays, flexibles, reel-fed and self-adhesive labels.

Oct. 17, 2016 - Americk Packaging on Oct. 14 announced that it has informed its employees, customers, suppliers and the market of its recent acquisition by the Saica Group.

Terms of the deal were not disclosed.

Americk Packaging produces a full range of printed packaging including: cartons, produce packaging, punnets, trays, flexibles, reel-fed and self-adhesive labels.

Subject to approval by the Irish Competition and Consumer Protection Commission, the Saica Group will acquire 100% of the Irish owned Americk Packaging Group of companies, which includes six manufacturing sites in Ireland and the UK and 691 employees, plus additional operations PP Global and Starfish Brand Solutions who operate as independent brands in the same market. The group achieved a combined turnover in 2015 of around GBP 110 million.

Americk Packaging emphasized that the acquisition will not affect its current operations, which will continue to be managed by the existing senior management team.

Americk Packaging's CEO, Patrick Doran, said “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.”

Ramon Alejandro, President of SAICA, commented, “This agreement allows us to enter the flexible packaging market in Ireland and the UK more actively, hand in hand with a leading player. Enabling 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.”

Saica Group operates three primary divisions: Paper (containerboard), Environmental (recycling), and Packaging (corrugated). The company employs some 9,000 and produces 2.4 million tonnes of containerboard per year for corrugated packaging.

SOURCE: Americk Packaging