# Ima acquires 82.5% of Tissue Machinery Company for €58.5 million

Ima has signed an agreement to acquire 82.5% of Italian company Tissue Machinery Company (TMC), which produces automatic packaging machines for tissue and personal care products, for €58.5 million. The closing is expected in the first decade of May 2018.

- Type: Acquisition
- Announced: 2018-04-23
- Where: Castel Guelfo, Bologna, Italy
- Value: $72.0M (58.5M EUR)
- Status: announced
- Products: automatic packaging machines for tissue and personal care products
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [IMA](https://endata.com/companies/2863.md) (acquirer)
- [Tissue Machinery Company](https://endata.com/companies/31480.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/article/world/europe/ima-accordo-per-acquisizione-825-italiana-tmc-per-585-mln-euro-idUSL8N1S05PK/), 2018-04-23: "L'operazione prevede un esborso di 58,5 milioni di euro, da versarsi al closing previsto per la prima decade di maggio 2018."
- [metissue.com](https://www.metissue.com/news/tmc-enters-the-ima-group-), 2018-04-24: "This agreement is of great satisfaction for us. In IMA, we have found the best partner for the further development of our company."
- [uk.marketscreener.com](https://uk.marketscreener.com/quote/stock/I-M-A-INDUSTRIA-MACCHINE--76215/news/IMA-completion-of-acquisition-of-a-82-5-stake-in-Tissue-Machinery-Company-SpA-TMC-26518265/), 2018-05-04: "Today, IMA finalised with Matteo Gentili, and some minority shareholders, the acquisition of 82.5% of the shares in TMC S.p.A."

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