The international technology group Körber completed the acquisition of 100% of the shares of MTC S.R.L (“MTC”), a manufacturer of fully automated converting lines for folded tissue paper, based in Lucca, Italy following approval from the German antitrust authorities.
MTC is a technological leader in the design, development and production of fully automated converting lines for the tissue paper industry with a focus on folding lines used for products such as facial tissue, hand towels, toilet paper and napkins. Through this acquisition, Körber aims to further expand its business area “Tissue” by increasing the depth of its product portfolio for their customers, thus strengthening its position as a global market leader. Körber’s “Tissue” business area offers end-to-end solutions for processing and packaging machinery as well as equipment for toilet paper and kitchen rolls.
goetzpartners acted as the exclusive financial advisor to the sellers and has successfully managed the complex disposal process with a leading global technology group as the new investor. Throughout the entire M&A process goetzpartners was able to preserve the interest of its clients. The transaction was executed in strong collaboration between goetzpartners’ Munich and Milan office which demonstrates the strong cross-border execution capabilities.
“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.”
“Körber is the ideal strategic partner for us”, said Alessandro De Matteis, President 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.”
About MTC S.R.L
MTC is specialized in the design, development and production of fully automated converting lines for the tissue paper industry with focus on folding lines. MTC’s headquarters and production facility are located in Porcari (LU), Italy. The company’s offering includes complete converting lines, as well as single machines, upgrades, spare parts and maintenance services.
Körber AG is the holding company of an international technology Group with about 11,500 employees around the world. It comprises leading technology companies with around 130 production, service and sales sites. At locations around the globe Körber combines the benefits of a globally-present organization with the strengths of highly-specialized and flexible small to medium-sized companies that offer their customers solutions, products and services in the Business Areas of Automation, Logistics Systems, Machine Tools, Pharma Systems, Tissue and Tobacco.