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Technology/Machinery

IMA acquires 60% in Teknoweb Converting to strengthen position in wet wipes sector

IMA, an Italy-based manufacturer of automatic machines for a number of industries, has concluded the acquisition of a 60% stake in Teknoweb Converting, a technology leader in high speed converting machinery for wet wipes and wet toilet tissue.

22nd April 2015

Innovation in Textiles
 |  Ozzano dell'Emilia

Industrial, Medical/Hygiene

The acquisition is seen as an important step toward the fulfilment of the IMA Group's industrial strategy aimed at the development of competitive integrated technologies.

New generation lines

The Teknoweb Converting and IMA Group experiences merge with the goal of creating innovation through the development of new generation lines with high added value, performance, and versatility, the company reports.

Teknoweb Converting is a leading company in the wet wipes industry, which produces complete systems and individual parts retrofittable on existing machines.

The remaining 40% of the company remains in the hands of the previous shareholder, Teknoweb Materials, whose management, led by Piero Mandotti and Fabio Zampollo, will manage Teknoweb Converting.

Growth strategy

Considering the complexity and variability of possible solutions, Teknoweb Converting has pursued a growth strategy by developing alliances with partners operating in the packaging sector. This strategy combines proven and tested expertise and is said to provide integrated systems that improve the entire production process, according to the manufacturer.

In this new structure, Teknoweb Converting will work alongside Ilapak, the IMA flexible packaging division, in a transparent way to develop complete and integrated high performance lines that are expected to improve efficiency, create economies of scale and reduce the total cost of ownership.

Structural union

The company believes that this structural union between the two companies represents a fundamental step forward, compared to previous commercial agreements for cooperation.

Teknoweb Converting and Ilapak will unify their service centres and spare parts order management, enhancing the ability to provide qualified and efficient after-sales service through a single, market-focused organization. Thanks to this acquisition, the IMA group is continuing to strengthen its market position in wet wipes.

www.ima.it

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