# Saica Group acquires minority stakes in Adda Ondulati and Cartorobica

Saica Group acquired a minority share in Adda Ondulati and Cartorobica, two Italian corrugated board plants in Annone di Brianza and Pietrasanta with 2022 revenue of EUR 105 million and 247 employees.

- Type: Acquisition
- Announced: 2023-07-06
- Where: Annone di Brianza and Pietrasanta, Italy
- Jobs: 247
- Status: completed
- Products: corrugated board, corrugated board packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Saica](https://endata.com/companies/631.md) (acquirer)
- [Thimm Group](https://endata.com/companies/1157.md) (target)
- [Adda Ondulati](https://endata.com/companies/10751.md) (target)
- [Cartorobica](https://endata.com/companies/10752.md) (target)
- [Taschetti](https://endata.com/companies/10759.md) (target)
- [NNDKP](https://endata.com/companies/10884.md) (partner)

## Sources

- [saica.com](https://www.saica.com/en/news/saica-group-acquieres-a-minority-share-of-adda-ondulati-and-cartorobica-in-italy/), 2023-07-06: "Saica Group has reached today an agreement with the family owners and has acquired a minority share of their corrugated plants in Annone di Brianza and Pietrasanta, Italy."
- [packagingnews.co.uk](https://www.packagingnews.co.uk/news/saica-group-takes-minority-stake-in-italian-corrugated-player-taschetti-06-07-2023), 2023-07-06: "Saica Group has acquired a minority share of Taschetti, owner of two Italian corrugated plants."
- [chambers.com](https://chambers.com/articles/nndkp-advised-the-saica-group-on-the-acquisition-of-thimm-group), 2023-08-08: "NNDKP advised on the Romanian law aspects of the transaction, as part of a multijurisdictional team."

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