Saica Group acquires Ecovidal to strengthen its presence in the Madrid region

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 10 million euros. 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.

Saica Group is one of the leading companies in Europe in the manufacture of recycled paper for corrugated board, with an annual production capacity of 3.3 million tons of recycled paper for corrugated board.