International machinery specialist group Andritz has acquired a 70% stake in Diatec S.R.L., a leading manufacturer of converting machines for the hygiene and food packaging industries based in Collecorvino, Italy. The remaining 30% will stay in the hands of the two current shareholding families.
Diatec designs and manufactures a wide range of special machines and technological solutions, mainly for the production of baby diapers and other absorbent hygiene products, but also for food packaging. With this acquisition, Andritz complements its product portfolio in nonwovens and is now able to offer the complete supply and value chain—from the raw material, to webfoming, finishing, and converting—in the hygiene market
The Diatec owners and managers, who will continue to work in the company, acknowledge that Andritz is the best partner to support the company’s long-term growth and – together with employees and suppliers – to create synergies that can satisfy the demands of its customers.
Andreas Lukas, Division Manager for Andritz Nonwoven, says: “We are very excited about this complementary acquisition that extends our market coverage, process technology, and product range within the nonwovens industry.”
Diatec’s general manager, Luigi Mancini, comments: “With Andritz, we have found our ideal partner to strengthen our international market position and we are looking forward to growing further within this collaboration.”