# 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.

- Type: Acquisition
- Announced: 2018-07-18
- Where: Italy
- Status: completed
- Products: converting machinery for diapers, absorbent hygiene products, food packaging
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [ANDRITZ](https://endata.com/companies/2007.md) (acquirer)
- [Diatec S.R.L.](https://endata.com/companies/33042.md) (target)

## Sources

- [textileworld.com](https://www.textileworld.com/textile-world/supplier-notes/2018/07/andritz-acquires-diatec-stake-xerium-technologies/), 2018-07-18: "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."

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