Valmet has acquired MC Paper Machinery and Focus Rewinding from Massimiliano Corsini.
The acquired operations mainly supply rewinders for tissue and non-woven machines.
In the past years the net sales of the acquired business has been around €10m. The operations employ 33 people and are located in Pescia, close to Lucca, Italy.
As a result of the acquisition, Valmet said it will have a more extensive product portfolio and becomes a stronger technology and services company in its field.
It said: “The acquisition strengthens Valmet’s competitiveness by combining tissue making equipment from stock preparation to rewinding, process know-how, automation and services into one customer value-adding entity.
“Valmet and MC Paper Machinery have had a long-term partnership and a large amount of MC Paper rewinders have been installed in connection to Valmet tissue machines.
“The company being acquired is a strong business, with established customer relations and a high level of technology and know-how, including the successful Focus technology.”