Atlas Tapes completed the acquisition of PPM Industries from AUCTUS and Matteo Pellegrini.

Atlas Tapes, a manufacturer of packaging, paper, and masking tapes, completed the acquisition of PPM Industries, a manufacturer of high-performance masking, specialty, and duct tapes, from AUCTUS, a private equity fund, and Matteo Pellegrini, CEO of PPM Industries Group. Financial terms were not disclosed. “I am extremely happy to welcome to Atlas Tapes family Matteo Pellegrini and all of PPM Industries employees. This transaction marks a transformative milestone for the entire industry. The new group represents the vision of our third-generation family-owned businesses, positioning our name as a global one-stop- shop for all adhesive tape products. This achievement is the result of the dedication and hard work of all Atlas Tapes Group personnel and stakeholders, securing our future in an evolving and competitive market," Jason Lantzis, Atlas Tapes Group CEO.