Italian paper machine supplier A.Celli Paper has diversified its product offering after acquiring PMT Italia.
PMT Italia was established in 2000 in Pinerolo, Italy, and produces machinery for the tissue and paper industry. It is a former subsidiary of the Beloit Corporation.
An affiliate of Italia Technology Alliance group, A.Celli Paper said the purchase has made the company “a main player in the sector”.
Mauro Celli, shareholder of Italia Technology Alliance, said: “With this acquisition – carried out in a period of general uncertainty – we want to demonstrate the desire to guarantee cutting-edge technologies and timely assistance for Italian and foreign companies operating in the strategic sector of paper and tissue.
“Maintaining this heritage in Italy is an important step that will bring benefit to the entire paper supply chain, including the district of Lucca.”
A.Celli Paper’s product offering now includes packaging papers, cardboard and printing.