Saica acquires FCC recovery business

The Saica Group has acquired the paper and corrugated board recovery business of FCC Ámbito, a subsidiary of FCC enviro, expanding its recovery network across Madrid and the north and west of Spain through its waste management division, Saica Natur.

The acquired business operates seven plants in Madrid, Cáceres, Valladolid, Asturias, Vizcaya, León and Toledo, employs more than 150 people and generated a turnover of 33 million EUR in 2024. The main activity consists of recovering paper and cardboard and other non-hazardous industrial and commercial waste.

'This is a strategic step that consolidates our presence in Iberia. We are delighted to extend a warm welcome to everyone at FCC Ámbito, as well as to the new customers and partners joining the Saica Group. This operation allows us to add a highly qualified team with recognized prestige in the sector, strengthening our value proposition for customers in the Iberian Peninsula,' said Susana Alejandro, president and CEO of the Saica Group.

Íñigo Sanz, CEO of FCC enviro, commented: 'This transaction is very satisfactory and is part of our policy of asset rotation and optimization to maximize shareholder value and focus on our development strategy.'

Following the acquisition, Saica Natur now operates 47 plants, with 36 in Spain and the remainder in France, Portugal, the United Kingdom and Poland. The business unit's total workforce has grown to over 1,700 employees.