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Saica Group buys FCC Ambito paper recovery operations in Spain
Yahoo Finance· 2025-12-23 11:49
Group 1 - Saica Group has acquired the paper and corrugated board recovery operations of FCC Ambito, enhancing its recovery footprint in Spain through its waste management arm, Saica Natur [1][2] - The acquisition includes seven facilities located in Madrid, Cáceres, Valladolid, Asturias, Vizcaya, León, and Toledo, focusing on the recovery of paper, cardboard, and other non-hazardous waste [2][3] - The acquired business employs over 150 people and reported a turnover of €33 million ($38.89 million) in 2024, increasing Saica Natur's total operations to 47 plants, including 36 in Spain [3] Group 2 - Saica Group's president and CEO, Susana Alejandro, stated that this acquisition consolidates their presence in Iberia and strengthens their value proposition for customers [2] - FCC enviro CEO, Íñigo Sanz, mentioned that the transaction is part of their asset rotation and optimization strategy to maximize shareholder value [4] - Saica Group operates across four divisions: Saica Paper, Saica Natur, Saica Pack, and Saica Flex, employing over 12,000 people with operations in Europe and the US [4]