Two Italian companies, Uteco and Smartjet, have announced the recent signing of a Binding Equity Agreement aimed at propelling their collective converting offerings forward by combining their knowledge to benefit the flexible packaging market.
Uteco, renowned as a global leader in printing and converting machinery, is continuing its strategic growth plan, which has among the main pillars the expansion of the product portfolio to be achieved both through internal development and targeted acquisitions. Smartjet, which designs and produces solutions for industrial digital inkjet printing for the packaging sector, aims to develop its presence in the converting market segment as a specialist in digital printing technologies to address the emerging challenges in the flexible packaging sector.
Executives from both companies expressed their enthusiasm for the collaboration: “This strategic alliance empowers us to jointly offer high-end digital and analogue printing solutions to customers in the converting sector and promotes the development of innovative printing solutions for the packaging market. We are confident that this partnership will unlock a multitude of advantages for our customers and offer a solid foundation to build a successful common future for Uteco and Smartjet.”
