Venice-based giant Piovan acquires 100% of Doteco

Piovan Group has acquired 100% of the share capital of Doteco, a world leader in the field of plastic film dosing technologies for food and non-food packaging headquartered in San Martino Spino near Mirandola in the province of Modena. The €15 million deal will boost the global technological leadership of the Venice-based group specialising in auxiliary equipment and services for the plastics industry.

“This merger will enable us to combine Doteco’s film dosing technologies with Piovan’s feeding and storage automations and thereby become a leading supplier of complete systems in this sector,” said Filippo Zuppichin, CEO of Piovan Group. “It will also enable us to acquire new customers in a field that is becoming strategically important for food packaging, particularly in view of the increasingly urgent need for sanitary and hygiene improvements.”

With its 26 years of experience, a consolidated 2019 turnover of €19.7 million and numerous global subsidiaries located in Shanghai (China), Gillenfeld (Germany), India, Brazil and North America, Doteco is ideally positioned to develop the necessary synergies.