PAPCEL acquired PMT Italia S.p.A.
29 May 2017
The Czech PAPCEL completed acquisition of the Italian company PMT Italia S.p.A., based in Pinerolo. The purchase of manufacturing facilities from PMT premises expanded the manufacturing park and increased the production capacities, as the company said in the press release received by Lesprom Network.
By merging with the Italian PMT, PAPCEL Group gains references in the USA and in China. This year PAPCEL expects to exceed the magical limit of revenues over CZK 2 billion ($84.5 million) for the entire Group of companies.
The Italian company PMT is a world-known manufacturer and specialist in the supplies of technology for the production of graphic papers and packaging paper grades.
By merging with PMT, the number of employees has increased by more than 70 for the whole Group. The design “know-how” of the company has broadened, including direct sales.
The Italian PMT is a specialist in the supplies of machines with width over 5,000 mm. Over the last decade, the company has built more than 20 new paper machines and has carried out more than 100 refurbishments.