This buyout follows PAPCEL’S recent acquisition of GapCon Tissue at the end of 2016. By merging with the Italian PMT, PAPCEL Group gains references in the USA and in China.
June 10, 2017
The Czech company PAPCEL Litovel is a leading supplier of complete technology for production of all commercially available paper grades. In the last three years, the Czech company PAPCEL completed the acquisition of several competing companies from Western Europe, thus significantly strengthening its market position. Today, PAPCEL Group is comprised of the companies: PMT, Italy; GapCon Tissue, Italy; ABK Groupe, France; Erma Elan Engineering, Czech Republic; PAPCEL, Italy (former Comecart Italy); and Gorostidi, Spain. The PAPCEL Group is a highly qualified supplier of paper machines with strong references worldwide and more than 70 years of tradition in the papermaking market.
James Smith, Sales Manager for the US market, said on the acquisition, “PAPCEL’s acquisition of PMT Italia is a win-win for everyone. For our North American customers, PMT has provided advanced technology, high quality manufacturing, and custom, comprehensive projects that are very commercially competitive. The acquisition of PMT by PAPCEL provides financial strength and stability to the business, while the addition of GapCon Tissue opens new and innovative opportunities for our Tissue manufacturers.”
Through the acquisition of PMT Italia, which was carried out in 2017, PAPCEL has advanced its position among the world leading players supplying technology for the papermaking industry. 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 2 billion CZK = 74 mio. EUR.
Valter Canelli, Sales Director, PAPCEL Italia S.r.l. said, “The acquisition of both companies strengthens direct sales. We have expanded the portfolio of our sales markets and sales representatives. Together we continue to implement projects which are already in progress for existing customers. Our customers appreciate wide range of products and services, which we are able to offer and particularly the “technological” know-how of the supplied equipment and machinery. We offer advanced solutions with an emphasis on reducing energy costs of operation. The offered technical solution is always in accordance with the customer’s requirements. Our technological consulting and services are at a high level and our customers acknowledge it.”
In 2015, the Czech company PAPCEL founded a manufacturing division PAPCEL Italy, based in the town of Cuneo, thanks to the purchase of the Italian company Comecart (former Burgo Group). The acquisition of GapCon Tissue, Italy and PMT, Italy has set up a very strong group of companies and Italy has become a very strong technical-manufacturing “competence” center for production of tissue papers, printing & writing papers and packaging paper grades. The purchase of manufacturing facilities from PMT premises expanded the manufacturing park and increased the production capacities.
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 72 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. The company has very strong references on the markets of Latin America, in China and the USA. The US and Australian markets where PMT has its sales agencies expanded the business portfolio of the entire Group.
The first joint success of PAPCEL and PMT is the signed contract with a customer from Turkey to supply a new headbox and press part modernization for the paper machine 7,700 mm wide. The contract was signed in June 2017.