




INNOVATION IN PACKAGING SERVICE.
Multisac Maroc is the flagship of our Packaging Division. As the national leader in the production of woven polypropylene bags, the company has diversified its expertise to include lamination, four-color printing, and flexible films. This diversification has supported robust growth: exports now account for 25% of revenue, reaching 21 countries. The cumulative investment, which increased from 72 to 460 million dirhams, reflects our ongoing commitment to innovation.
Revenue: 625 Million MAD
Production: +250 Million UNITS
A STRATEGIC PRESENCE IN NORTH AFRICA.
Acquired in 2019, SIS marks a key milestone in our international expansion. As the second-largest producer of woven bags in Tunisia, SIS strengthens our position in North Africa and paves the way for new commercial and industrial synergies.




A STRATEGIC PRESENCE IN NORTH AFRICA.
Acquired in 2019, SIS marks a key milestone in our international expansion. As the second-largest producer of woven bags in Tunisia, SIS strengthens our position in North Africa and paves the way for new commercial and industrial synergies.

THE GATEWAY TO WEST AFRICA.
Multisac Senegal (70% owned) represents our next growth frontier. With operations slated to begin by the end of 2026, this new strategic production unit will serve as a hub for West Africa, meeting the region’s growing demand for quality packaging solutions.
INNOVATING IN THE PACKAGING VALUE CHAIN
Polybag, the division’s new subsidiary, embodies the future of flexible packaging and the diversification of our offerings. With a dedicated production unit scheduled to become operational by the end of 2026, Polybag specializes in manufacturing Kraft bags and cardboard cores. This initiative complements Multisac’s existing range, enabling the Group to provide a complete array of flexible and innovative packaging solutions. This synergy enhances our ability to meet our clients’ specific needs and solidifies Cap Holding’s leadership in the packaging value chain.


INNOVATING IN THE PACKAGING VALUE CHAIN
Polybag, the division’s new subsidiary, embodies the future of flexible packaging and the diversification of our offerings. With a dedicated production unit scheduled to become operational by the end of 2026, Polybag specializes in manufacturing Kraft bags and cardboard cores. This initiative complements Multisac’s existing range, enabling the Group to provide a complete array of flexible and innovative packaging solutions. This synergy enhances our ability to meet our clients’ specific needs and solidifies Cap Holding’s leadership in the packaging value chain.