Saica Group acquires Ecovidal to strengthen its presence in the Madrid region

• Ecovidal manages 53,000 tonnes of waste annually, mostly paper and cardboard

• In 2022 it had a turnover of 10 million euros and has 25 employees

Today Saica Group has reached an agreement to acquire the total shares of the waste management and collection company, Ecovidal-Miguel Vidal e Hijos. Through this acquisition, Saica Natur strengthens its presence in the Henares corridor, an important business, industrial and residential area in the north-east of Madrid region.

The acquired company has 25 employees and in 2022 had a turnover of 10 million euros. It manages up to 53,000 tonnes of waste annually, the vast majority of which (92%) is paper and cardboard. Located in the municipality of Torrejón de Ardoz (Madrid) with a warehouse spanning almost 16,000 square metres, Ecovidal has been supplying recycled paper to Saica Paper mills for over four decades, establishing a long-standing business partnership.

About Saica Group

Saica Group is one of the leading companies in Europe in the manufacture of recycled paper for corrugated board, with an annual production capacity of 3.3 million tons of recycled paper for corrugated board. With more than 10,000 employees and a presence in Spain, France, Italy, Portugal, the United Kingdom, Ireland, Turkey, Luxembourg, the Netherlands, the United States and Poland, Saica Group has four business lines: manufacture of recycled paper for corrugated board (Saica Paper), waste management and environmental services (Saica Natur), production of corrugated board packaging (Saica Pack) and flexible packaging (Saica Flex). The group's turnover is €4,394 million, (consolidated turnover at Dec. 31, 2022).

Source: Saica

Saica Group