# 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.

- Type: Acquisition
- Announced: 2022-07-14
- Where: Bañeres, Alicante, Spain
- Status: completed
- Products: corrugated cardboard sheets, corrugated cardboard boxes, cogeneration power
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Saica](https://endata.com/companies/631.md) (acquirer)
- [Cartonajes Bañeres](https://endata.com/companies/9462.md) (target)
- [Electro Mariola](https://endata.com/companies/9463.md) (target)

## Sources

- [iberianlawyer.com](https://iberianlawyer.com/cuatrecasas-advises-saica-on-purchase-of-cartonajes-baneres/), 2022-07-14: "The Saica Group increases its presence in the Spanish Levante region, consolidating its business growth strategy."
- [alicanteplaza.es](https://alicanteplaza.es/alicanteplaza/el-grupo-saica-formaliza-la-compra-de-cartonajes-baneres), 2022-08-09: "Con esta adquisición, que el grupo acomete a través de su división Saica Pack, Saica da un paso adelante en su estrategia de crecimiento de negocio."

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