Saica acquires majority stake in Cartonajes Bañeres and Electro Mariola

The Saica Group, through Saica Pack, acquired a majority stake in Cartonajes Bañeres (CartoBan), an Alicante corrugated cardboard maker, and its wholly owned subsidiary Electro Mariola, which operates a cogeneration plant. The two companies had combined turnover above 26 million euros in 2021.

“The Saica Group increases its presence in the Spanish Levante region, consolidating its business growth strategy.”iberianlawyer.com

• 2 sources
• iberianlawyer.comCuatrecasas advises Saica on purchase of Cartonajes Bañeres - Iberian LawyerJul 14, 2022
• alicanteplaza.esEl grupo Saica formaliza la compra de Cartonajes Bañeres y Electro Mariola | Alicante PlazaAug 9, 2022

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