At the end of 2016, the Czech supplier of papermaking technology, PAPCEL, acquired the Italian company GapCon tissue S.r.l. with the aim to strengthen its market position for production of not only tissue papers.
In the last three years, the company PAPCEL realized the acquisitions of several competing companies from Western Europe: the Italian group Comecart (Burgo Group), the French company ABK Machinery and the Spanish company Gorostidi, thus significantly strengthened its market position. This year, PAPCEL plans to reach the revenues level of 1.7 billion CZK.
GapCon will become the competence centre for research, development and delivery of tissue machines. The synergy of the companies will allow extending the distribution network, increase direct sales and the number of reference projects.