Uteco Converting S.p.A.(https://www.uteco.com), Italian company that is world leader in the production of printing and converting machineries, is continuing with determination its strategic growth plan, which has among the main pillars the expansion of the product portfolio to be achieved both through internal development and targeted acquisitions.
CMG S.r.l. (https://cmggallia.com/en/), an Italian company specializing in single-bubble extrusion (mainly 3, 5 and 7-layers coextrusion machines), along with its brand “MAM”, specializing in High Density Poly Ethylene (HDPE) processing, seeks to strengthen its position in both the Italian and global markets by tackling the evolving challenges within the flexible packaging sector. In this context, Uteco and CMG are delighted to announce the recent signing of an equity agreement.
This agreement enables both companies to collaboratively provide valuable solutions and a comprehensive range of end-to-end products and services to customers within the converting sector. The integration of these two entities will result in numerous immediate benefits. These include leveraging commercial synergies through direct sales forces and indirect channels, enhancing technical support via shared service networks to provide superior customer assistance, and implementing marketing strategies to bolster a cohesive market presence, thereby increasing product visibility, and expanding outreach to a broader audience.
In summary, we believe that this partnership will provide a strong groundwork for Uteco and CMG to collectively forge a successful future together.
