Who owns THIMM GROUP?

THIMM GROUP has been 100% owned by SAICA GROUP since May 2026.

When was THIMM GROUP acquired by SAICA GROUP?

THIMM GROUP was acquired by SAICA GROUP in 2026.

What was the revenue of THIMM GROUP at the time of the deal?

The revenue of THIMM GROUP at the time of the deal is estimated to be in the range of 450M - 900M EUR.

What was the EBITDA of THIMM GROUP during the acquisition?

THIMM GROUP's EBITDA is estimated to be in the range of 50M - 100M EUR.

How is the data for the THIMM GROUP acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the THIMM GROUP deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.saica.com/en/news/saica-group-acquires-thimm-group/

What is the average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026?

The average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026 is 11.5x.

← DATABASE

Home Database Industry & ManufacturingTHIMM GROUP

05/2026

THIMM GROUP acquired by SAICA GROUP

GERMANY Chemicals & Materials / Packaging & Containers / Paper & Cardboard REV 450M - 900M EUR

Context

Saica Group has announced a definitive agreement to acquire 100% of Thimm Group, a premier European provider of sustainable packaging and display solutions. This transaction represents a landmark corporate buyout within the European paper and packaging sector, uniting two industrial giants with a deeply institutionalized history of partnership, including a strategic sales alliance and an active joint venture in Poland. The acquisition thesis represents a major, transformational consolidation play designed to capture absolute market leadership within the Western and Eastern European packaging landscapes. By integrating Thimm Group, Saica Group successfully executes a major geographic expansion, establishing an immediate, large-scale operational beachhead in Germany and highly complementary Eastern European territories. The post-closing strategic rationale focuses on unlocking substantial operational efficiencies, capturing deep network synergies, and driving economies of scale across the unified corporate platform.

THIMM GROUP, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Industry & Manufacturing sector (11.5x).

-> Deep-dive in Industry & Manufacturing market trends

Target

Thimm Group operates as a premier European designer and manufacturer of sustainable packaging and display solutions, commanding a market-leading position within the corrugated cardboard sector. Founded in 1949 by Walter Felix Thimm, the family-rooted enterprise has scaled into a major multinational platform with an extensive operational footprint spanning Germany, Poland, Romania, and the Czech Republic. The group’s comprehensive product portfolio encompasses engineered transport, shipping, and retail packaging for fast-moving consumer goods (FMCG), standardized merchandise-bearing display systems, and high-quality preprints designed for industrial conversion. The company’s business model and value proposition are deeply anchored in the principles of the circular economy and closed-loop resource management. By engineering high-performance, eco-friendly corrugated alternatives, Thimm Group enables its corporate client base to optimize supply chain logistics, enhance point-of-sale product positioning, and materially reduce the environmental footprint of their packaging workflows.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2024

2023

Similar deals in Chemicals & Materials

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
06/2026	HOWDENS	DIY KITCHENS	UNITED KINGDOM	Building & Interior Materials
06/2026	BREEDON GROUP	FALLING SPRINGS QUARRY	UNITED STATES	Construction Materials
05/2026	STERIMED	SIMAGEC	FRANCE	Packaging & Containers
05/2026	COSMOGEN	ASQUAN	CHINA	Packaging & Containers
04/2026	CLAYTON, DUBILIER & RICE (CD&R)	SEALED AIR CORPORATION	UNITED STATES	Plastic Packaging
04/2026	INTERNATIONAL PAPER COMPANY	NORPAC	UNITED STATES	Paper
04/2026	LIFCO	METALLTECH	ITALY	Construction Materials
03/2026	TOWERBROOK	ID UNLIMITED	FRANCE	Labels & Adhesives
03/2026	ProAmpac	TC Transcontinental Packaging	UNITED STATES	Plastic Packaging
02/2026	STRATUS PACKAGING	FREPPEL IMPRIMEUR	FRANCE	Labels & Adhesives

REFERENCES

Revenue range: 450M - 900M EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of THIMM GROUP by SAICA GROUP are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: thimm group

Acquirer: saica group