SPAIN (News release) -- 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 Euro 10 million. 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.
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