TMC Signs Agreement to Sell "Important" Stake to IMA Group

TMC (Tissue Machinery Company), the Italian leader in the manufacture of machines for the packaging and management of tissue and personal care products has consolidated and reasserted its leadership position thanks to its entry in the IMA Group, a world leader in the design and production of automatic machines for the processing and packaging of pharmaceutical products, cosmetics and food products.

TMC, the IMA Group’s choice for entering the field of packaging of tissue and personal care products, is ready to place its experience at the disposal of the Group and to enhance its knowhow to create what will become a true hub and reference point in the field.

TMC’s international leadership in market niches such as primary and secondary packaging of kitchen towel rolls and toilet rolls and secondary packaging of personal care products, together with the strength of the IMA Group will allow the TMC Group to accelerate its projects for growth, the development of innovation and the creation of superior-level partnerships. The agreement entails an 82.5 percent stake by IMA in Tissue Machinery Company. The TMC Group, with its subsidiaries, has a forecast turnover of about 80 million euros and an EBITDA of over 10 million euros with positive growth prospects, enhanced by the overall support it can provide thanks to its entry into the IMA Group.

Matteo Gentili, president of TMC, commented: "This agreement is one of great satisfaction for us. In IMA we have found the best partner for the further development of our company to attain additional technological and commercial objectives in the field of Tissue and Personal Care products. Entering the IMA Group will enable a strong acceleration of our innovation, product development and geographical expansion projects. Personally, I will continue to play a leading role in the strategic management of the TMC group, with interests fully aligned with IMA, with the goal of consolidating and developing TMC as a global reference for technological innovation and customer service."

Alberto Vacchi, president and CEO of IMA, added: "The agreement is strategic for the IMA Group and the partnership with Matteo Gentili, with TMC as a platform for the development of the project, will allow us to create an international hub that is the undisputed leader in the field of Tissue and Personal Care products. With this operation, IMA continues along its path of enhancing and growing the leading market bands, further strengthening its industrial presence in Italy."