Andreas Endters, President and CEO of Voith Paper, says, “Toscotec’s acquisition matches Voith’s targets of strategic growth in a perfect way. Toscotec’s range of products and services effectively supports our portfolio and further strengthens our position as a full-line supplier in important areas of the paper industry.”
Toscotec will continue to offer its portfolio as established. The company will remain entrepreneurial in nature and will operate under the established Toscotec brand.
Alessandro Mennucci, CEO of Toscotec, says, “This acquisition is a landmark in the history of our company. By joining forces with Voith, we plan to pursue new ambitious goals. We will build on our expertise and strong reference base in the paper industry and will be able to offer added value to our customers.”
Established in 1948, Toscotec specialises in the design and manufacture of machinery and equipment for the production of tissue, paper and board. Headquartered in Lucca, Italy and with subsidiaries in China and the USA, Toscotec provides its customers with state-of-the-art technologies and customised solutions from complete production lines to rebuilds and single components.
