IMA acquires 82.5% stake in TMC

IMA has signed an agreement to acquire an 82.5% stake in TMC, a Castel Guelfo di Bologna-based company that produces and sells automatic machines for packaging and handling of Tissue and Personal Care products and provides related after-sales services. The operation is part of IMA’s strategy of focusing on market-leading brands and is valued at €58.5 million to be paid within the first ten days of May 2018.

“This operation is strategically important for the IMA Group,” said IMA’s Chairman and CEO Alberto Vacchi. “Using TMC as a platform to develop the project will enable us to create an international hub with an undisputed leadership position in the Tissue and Personal Care sector.”

Founded in 1997 by Vanni Angeli, Matteo Gentili and Valter Marcolini, the TMC Group expects to post revenues of around €80 million and an EBITDA of more than €10 million in 2018 and has good growth prospects.