Andritz has diversified its product offering after signing an agreement to acquire the Italian company A.Celli Paper.
The company said the move will strengthen its presence across the global tissue and paper industry and expand its capabilities in winding and rewinding technologies.
A.Celli Paper has decades of experience in the supply of machinery and key equipment for the production of tissue, paper and board grades.
A.Celli Paper is headquartered in Lucca, Italy, and operates additional locations in Pinerolo, Italy, and Shanghai, China.
It has reported annual revenues of around €70m MEUR with a team of more than 100 employees.
In 2020, it widened its portfolio of winders, rewinders, systems for roll handling and packaging, as well as tissue machines and services through the acquisition of PMT.
Alexander Wassermann, Andritz Executive Vice President Paper & Textile, said: “This strategic move is driven by our commitment to providing comprehensive, innovative solutions to our customers.
“It expands our capabilities in key areas such as winding and rewinding technologies, making us a leading full line supplier from fibre to the packaged paper rolls, while also strengthening our service business.”
Alessandro Celli, shareholder of A.Celli Group (Italia Technology Alliance), added: “In its eighty-year history, A.Celli Paper has developed a wide portfolio of products and services through investments and innovation.
“This has been made possible by the commitment of our family and our employees.
Joining a multinational organisation such as Andritz represents an opportunity for A.Celli Paper to further develop and grow in the tissue and paper market.”
