Paper Converting Machine Company Acquires STAX Technologies in Serbia
STAX Technologies' primary focus is on the continuous development and manufacturing of packaging machines for the tissue converting industry.
Oct. 2, 2019 - Paper Converting Machine Company (PCMC), part of the Barry-Wehmiller Converting Solutions Platform, has acquired STAX Technologies (STAX), headquartered in Cacak, Serbia. The acquisition adds reciprocating flow technology to PCMC's tissue packaging product line offering.
Terms of the deal were not disclosed.
Since its founding in February of 2002, STAX Technologies has been focused on continuous development and manufacturing of packaging machines for the tissue converting industry. STAX core product offerings include wrappers, bundlers, casepackers and palletizers.
“This marks a new era for PCMC,” said Sergio Casella, PCMC-Italy President. “By adding STAX's expertise and capabilities, we are the only manufacturer to offer both reciprocating and continuous flow equipment as well as complete solutions from unwinders through palletizers for customers worldwide.”
Bob Chapman, Chairman and CEO of Barry-Wehmiller, added, “This new partnership with STAX Technologies provides PCMC with an exciting opportunity to build a stronger, more sustainable global tissue packaging organization. We look forward to working alongside STAX's team members whom we know will greatly benefit from Barry-Wehmiller's unique, people-centric culture, financial strength and unwavering commitment to purpose-driven growth.”
Paper Converting Machine Company (PCMC) specializes in the design and manufacture of high-performance converting machinery for the tissue, nonwovens and package-printing industries worldwide.. To learn more, please visit: www.pcmc.com.
SOURCE: Paper Converting Machine Company (PCMC)