Körber Group acquires MTC S.r.l.
Körber completed the acquisition of MTC S.r.l., based in Lucca, Italy with effect from June 14, 2017 following approval from the German antitrust authorities.
MTC develops, manufactures and sells interfolder/multifolder lines (tissue converting machines) for tissue paper products (facials, folded towels) – for which it is considered to be the global technological leader – as well as napkin converting lines. The objective of the acquisition is to further expand the Körber Group’s Business Area Tissue. This Business Area offers end-to-end solutions for processing and packaging machinery and equipment for toilet paper and kitchen rolls.
Körber aims with this acquisition to extend offerings for their customers
MTC’s lines are used to fold and pack tissue paper products such as facial tissue, hand towels, toilet paper and napkins. The company has a strong track record as a technology leader, having introduced innovations such as the interfolding system with only one paper feeding way on its multi-fold vacuum interfolders. MTC employs some 60 experts. Within the Körber Business Area Tissue, MTC will closely collaborating with Fabio Perini S.p.A., which is located also in Lucca, Italy.
“We highly welcome the opportunity to expand and to strengthen our activities in the Tissue market together with MTC,” emphasized the Chairman of the Group Executive Board of Körber AG, Stephan Seifert. “Integrating MTC into our technology portfolio adds exciting new products and solutions for our customers.”
“Within our Business Area, MTC benefits from our extensive technological know-how, long-time experience in the Tissue market and in particular the international footprint,” added Stefano Di Santo, CEO of Körber Tissue. “MTC is a perfect match for our existing Tissue companies, as it gives us access to additional tissue machinery market segments.“
“Körber is the ideal strategic partner for us,” said Alessandro De Matteis, CEO of MTC. “Becoming part of Körber Tissue is adding value for our existing and potential customers while the acquisition opens up new, long-term and international perspectives for us.”