Empowering Innovation: Uteco and CMG Sign a Binding Equity Agreement to Shape the Future of Converting

Uteco, world leader in the production of printing and converting machineries, and CMG, Italian company specializing in single-bubble extrusion (mainly 3, 5 and 7-layers coextrusion machines), along with its brand “MAM”, specializing in High Density Poly Ethylene (HDPE) processing, are thrilled to announce the recent signing of a Binding Equity Agreement aimed at advancing our combined converting offering. This partnership empowers both entities to collaborate on innovative solutions and deliver a comprehensive range of end-to-end products and services to clients.

As Uteco and CMG forge ahead on their growth trajectory, they are poised to address the evolving landscape of the flexible packaging sector. This strategic collaboration leverages the expertise of two industry leaders to proactively navigate the shifting dynamics of the market.

We are confident that this partnership will yield a myriad of benefits for our valued clientele:

• Tailored Solutions: Together, we offer a diverse array of end-to-end solutions tailored to the specific needs of clients in the converting industry.
• Enhanced Market Presence: Our combined market presence enables us to provide enhanced services and reach a broader audience more efficiently.
• Expanded Commercial Channels: Clients have access to our solutions through multiple sales channels, catering to the unique requirements of diverse global markets.
• Operational Optimization: By consolidating technical support networks, we are poised to elevate service standards, ensuring unparalleled reliability and assistance across our shared network.
• Collaborative Marketing Initiatives: Through cohesive marketing efforts, we are bolstering our market visibility and fostering meaningful dialogue with customers to drive impactful initiatives.
• Pioneering Innovation: Our joint commitment to innovation drives the establishment of new industry benchmarks, directly contributing to the success of our clientele.
• Collective Vision: This agreement signifies our collective dedication to shaping the future of the converting industry, transcending current paradigms, and paving the way for transformative solutions.

The equity agreement between Uteco and CMG heralds the dawn of an exciting chapter in our journey, characterized by a steadfast commitment to innovation across the converting industry.