Sinergia II, the securities investment fund managed by Synergo SGR, has acquired a minority share in Toscotec S.p.A., i.e. the global player active in the planning of plants and machinery, as well as in the supply of individual components and services for the paper and tissue industry. The Group, which is based in Lucca (Tuscany), has since 2011 doubled its Ebitda and in 2015 it registered a turnover of over 100 million Euros, 90% of which abroad. Synergo intends to support the further growth of Toscotec, both organically and through strategic acquisitions, while the Mennucci family will remain the majority shareholder.
According to managing director Alessandro Mennucci, who will continue leading the Group, «to date, the Group has managed to reinforce its brand in terms of quality and reliability and has become one of the major players in the global reference market. Thanks to this new “synergy” we will be able to help the Group grow even further and reinforce our activities worldwide. It is our firm intention to continue developing high-tech products and export the Italian excellence, providing our customers with high-quality services».
As Synergo managing director Paolo Zapparoli says, «we are pleased of the fact that we are now partner to Toscotec and its shareholders. The undisputed technological skills developed by the Group over the years have given it the opportunity to expand its leadership in the reference industry even further. We are enthusiastic about the possibility of collaborating with Alessandro Mennucci and his management team to reach the growth targets of Toscotec».