# Saica Group acquires majority stake in LIC Packaging of Italy

Saica Group reached an agreement with the Bertoldo family to become the major shareholder of LIC Packaging, a corrugated board producer in the Brescia province of Lombardy, Italy. The Bertoldo family will remain in management. The announcement is dated May 14, 2024.

- Type: Acquisition
- Announced: 2024-05-14
- Where: Brescia, Lombardy, Italy
- Status: announced
- Products: corrugated board, corrugated packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Saica](https://endata.com/companies/631.md) (acquirer)
- [LIC Packaging](https://endata.com/companies/11856.md) (target)

## Sources

- [usa.saica.com](https://usa.saica.com/en/news/saica-group-acquires-a-majority-share-of-lic-packaging-italy/), 2024-05-14: "Today Saica Group has reached an agreement with the family owners of LIC Packaging to increase its participation, becoming the major shareholder of the company."
- [packagingnews.co.uk](https://www.packagingnews.co.uk/news/business/mergers-acquisitions/saica-acquires-majority-stake-in-lic-packaging-in-italy-18-06-2024), 2024-06-18: "Saica Group has acquired a majority stake in family-owned corrugated firm LIC Packaging in Italy."
- [packagingnews.co.uk](https://www.packagingnews.co.uk/news/business/page/12), 2024-07-08: "Saica Group has acquired a majority stake in family-owned corrugated firm LIC Packaging in Italy."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.