Thimm Group expands in Poland: TOP Packaging takes over United PackagingAugust 8, 2019
Thimm Group, based in Northeim in the German State of Lower Saxony, is continuing its growth path and expanding in Poland. TOP Packaging, the joint venture owned by THIMM Group and located in Tychy in southern Poland, is taking over the local supplier of corrugated cardboard packaging, United Packaging SA in Skarbimierz, near Wroclaw. The takeover of the plant with over 100 employees will be completed after approval by the Polish cartel office.
“Our expanded presence in Poland due to this acquisition will enable us to provide an even better supply to our Polish and international customers,” said Mathias Schliep, chairman of the Management Board of Thimm Group. “This is also the next step forward in our Europe-wide competence in supplying prominent consumer goods manufacturers. This will enable us to further develop our company over the medium term and to align ourselves with precision to the needs of regional and multi-regional customers.” Thimm Group currently has production facilities and offers consultancy services at 19 locations in six countries. In 2018 the company generated revenues of EUR 645 million.
The TOP Packaging joint venture has been in existence since 2011. Thimm holds 51 percent of the shares with 49 percent belonging to the Spanish Saica Group, one of the biggest European producers of recycled paper for corrugated cardboard. The two family companies have been working together successfully in a strategic sales alliance since the end of the 1990s. TOP Packaging in Tychy currently employs over 240 people and recorded revenues of about EUR 40 million in 2018.
The Polish market is one of the most important markets in Central and Eastern Europe with its distinguishing features being stable growth rates, numerous regional companies and an increasing number of big international corporations. With this expansion of its production capacities, THIMM is pursuing its growth strategy whilst at the same time enhancing its customer proximity through shorter delivery distances thanks to the new location in Skarbimierz.