PAPCEL Completes Acquisition of PMT Italia

The Czech company PAPCEL continues to make acquisitions of western competitors. A new member, the Italian manufacturer PMT Italia S.p.A., has joined the PAPCEL Group of companies, consolidating 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 U.S. and in China. This year, PAPCEL expects to exceed the magical limit of revenues of more than CZK 2 billion for the entire Group of companies.

Thanks to the purchase of the Italian company Comecart, based in the town of Cuneo (former Burgo Group), PAPCEL founded a manufacturing division—PAPCEL Italy in 2015. Establishing the new manufacturing division significantly expanded the production potential, which is now being used by GapCon tissue S.r.l., a member of the Group. The Italian company PMT is completing a very strong group of companies and Italy is becoming a very strong technical-manufacturing "competence" center for production of tissue papers, printing and writing papers, and packaging paper grades.The purchase of manufacturing facilities from PMT premises expanded the manufacturing parrk and increased the production capacities, PAPCEL noted.

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.

PMT is a specialist in the supplies of machines with width over 5,000 mm. During the past 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 U.S. The U.S. and Australian markets where PMT has its sales agencies expanded the business portfolio of the entire Group. PMT offers and supplies complete paper machines with very advanced solutions.

In the past five years, the PAPCEL Group has achieved its greatest historical achievements under the leadership of David Dostál, managing director of PAPCEL. The company has increased the number of employees (more than 370 people work in the Group). The company has significantly increased technological know-how and production portfolio. In 2017, the company expects growth in sales revenues and increase in customer portfolio.