EU Commission clears Saica's takeover of THIMM Group

On 24 July 2026 the European Commission cleared, under the simplified procedure, the acquisition of sole control of Germany's THIMM Group by Spanish packaging manufacturer Saica. The deal mainly concerns corrugated board and corrugated packaging; the Commission saw no competition concerns given the limited resulting market position. Completion of the transaction is still pending. Outcome (24 August 2026): Saica and THIMM announced that the acquisition has been completed (closing); around 2,500 employees across plants in Germany, Poland, Czechia and Romania, including roughly 130 in Castrop-Rauxel, continue at their existing sites with no site closures announced. (source: https://www.saica.com/de/nachrichten/saica-gruppe-ubernimmt-thimm-gruppe/)