PBA completed the acquisition of a 70% stake in Tecno Paper.

Paper Board Alliance, a firm producing recycled paper and core board, completed the acquisition of a 70% stake in Tecno Paper, a provider of revamping of winders service. Financial terms were not disclosed. “The operation with Tecno Paper fits in perfectly with this framework because it allows us to improve our quality further, and ensures the assistance of a qualified technological partner who can offer more and more customised solutions. At the same time, we avoid the risk of seeing it purchased by a big foreign plant engineering player who could misrepresent its peculiarities," Giuseppe Cima, Paper Board Alliance President.