ITM Group acquired IMAtec s.a.r.l. of Luxembourg in a move the Dutch supplier of tobacco processing and packaging machinery said would expand its product base.
The IMAtec line includes cigarette paper booklet machines, pouch makers, clear-wrap kits, shrink kits and packaging machinery. IMAtec has 60 employees and has supplied the tobacco industry for more than 20 years, according to the company website. ITM Group has 700 employees around the world and traces its roots to the late 19th Century. The purchase price was not disclosed.
ITM said the combination will allow it to offer complete packing solutions from concept to machine acceptance. “By acquiring IMAtec, it allows us to better serve our global customers with a broader base of innovative products and services,” ITM said.