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Voith completes acquisition of Toscotec


May 6, 2020
By P&PC Staff

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Toscotec in Lucca, Italy. Photo: Voith Group

The Voith Group has successfully completed its previously announced acquisition of Toscotec, an Italy-based manufacturer of tissue paper and paperboard equipment.

In January, the companies stated Voith would acquire 90 per cent of Toscotec’s shares.

“Toscotec’s acquisition matches Voith’s targets of strategic growth in a perfect way,” says Andreas Endters, president and CEO of Voith Paper, in a statement.

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“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 and will operate under its name.

In the tissue area, Toscotec will carry out the business with new lines and major rebuilds for the entire Voith Group in the future.

Voith Paper will continue to serve its delivered tissue machines.

All other business activities will remain unaffected, and Voith and Toscotec customers will be able to purchase via their existing sales channels as usual.