# Ima acquires 70% stake in Mai for $7.7 million

Ima, an Italian packaging machinery multinational, signed an agreement to acquire a 70% stake in Mai, an Argentine tea packaging machinery company, for $7.7 million. The closing is expected in early 2017.

- Type: Acquisition
- Announced: 2016-12-28
- Where: Mar del Plata, Argentina, Argentina
- Value: $7.70M
- Status: announced
- Products: tea packaging machinery, filter bag packaging machinery
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [IMA](https://endata.com/companies/2863.md) (acquirer)
- [Mai](https://endata.com/companies/21034.md) (target)

## Sources

- [ansa.it](https://www.ansa.it/emiliaromagna/notizie/2016/12/28/packaging-ima-acquista-70-mai_6a7f82b5-8e06-4b5e-bc64-7e7e7e67b398.html), 2016-12-28: "Ima, multinazionale bolognese del packaging, ha siglato un accordo per l'acquisizione di una partecipazione del 70% in Mai."
- [comunicaffe.com](https://www.comunicaffe.com/ima-agreement-signed-acquisition-stake-mai-s/), 2017-01-08: "This is a strategic deal."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.