ANDRITZ acquires Italy-based Bonetti Group
July 12, 2022 By P&PC Staff
ANDRITZ acquired the Bonetti Group, headquartered in Milan, Italy on June 30, 2022.
Established in 1923, Bonetti is a global manufacturer and supplier of doctor, creping and coater blades, as well as blade holders, and also provides services for paper machines. This acquisition strengthens and expands ANDRITZ’s aftermarket business and supplements the company’s current paper machine service portfolio.
Joachim Schönbeck, president and CEO of ANDRITZ said, “With Bonetti, we have acquired a high-tech global supplier providing essential services and wear parts to the paper industry. The acquisition fits in perfectly with our long-term strategy to acquire complementary businesses and expand our aftermarket business with its stable source of revenue and earnings.”
Bonetti is a recognized brand in the global paper machine market known for its technology products. The company has around 150 employees. It operates five production facilities, one in St. Louis de France, Canada, one location in Sturtevant, Wisconsin, USA, two in Italy (Lainate, Milan and Cantalupo, Varraze) and one in Hagen, Germany.
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