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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 signed a contract to acquire Novimpianti Drying Technology Srl, a global supplier of engineered equipment and services for the paper industry, from Novigroup Srl.