Andritz acquires 70% stake in Diatec S.r.l.

Austria-based Andritz Group has acquired a 70% stake in Diatec S.r.l., Italy, a producer of converting machinery for diapers, hygiene products and food packaging. The remaining 30% stays with the founding families.

“Andritz reports that acquisition complements its nonwovens portfolio and allows the company to offer equipment along the supply chain from raw material to webforming, finishing and converting.”textileworld.com

• 1 source
• textileworld.comAndritz Acquires Diatec Stake, Xerium Technologies | Textile WorldJim BornemanJul 18, 2018

Summarized from public sources; check the original articles before acting on it.