This is the name of the new holding that brings together the companies of Cima and Pieretti families with a long and prestigious history in producing recycled paper and core board.
The goal is to reorganize the companies belonging to Cartiera dell’Adda Group – Cima family – making the organization more efficient and the financial system more attractive.
This process started in 2020 and it was concluded in early 2021, transferring most of the employees of some of the subsidiaries to the new operational holding Paper Board Alliance ( PBA).
The reorganization adds a new chapter to the growing project of the Group which confirms itself as a major player in the grey board market. The Cima family project took an important step through the acquisition of an 80% stake in industria cartaria Pieretti located in Marlia ( Lucca) and belonging to the family of the same name.
In 2018, Tiziano Pieretti kept the 20% of the family company and he enters the PBA Group through share transfer and purchase, confirming the alliance between the two families traditionally involved in the grey board production.
As Giuseppe Cima explains: “ we share not only a long family tradition but also the environmental care, the international focus and the high-specialized known-how.
These factors are essential for an alliance maintaining its specific characteristics of production and allowing each company to focus on its own market thanks to a complementary structure: Cartiera dell’Adda centered on the industrial field and on the European market and industria cartaria Pieretti focused on the tissue field.
In January 2020, industria cartaria Pieretti and Moba Eurotubi bought Tubicom a company based in Lucca producing board tubes, highly-specialized in the tissue field. This operation confirms the entrepreneurial project of Cima and Pieretti families. “ It’s a strategic acquisition – says Tiziano Pieretti. With this project we can deeply know a product from the customers side so that we can further improve the performance and quality of our board cores”.
To find the Group name, Cima and Pieretti have involved the employees. As Cima states: we have asked our people to help us to choose a name and a logo that reflect our identity. Paper Board Alliance is an international brand that protects our core business, our focus on sustainability and it’s the evidence of doing business facing the future challenges with synergy”.
By the end of 2020, the new group reached a turnover of € 120 million with 230 employees between the two companies in Lecco and in Lucca and 300.000 tons/y of core board.
Also, Paper Board Alliance has already drawn up an industrial plan development which includes the possibility of acquiring other excellences of the paper sector.
“We are proud of the process undertaken. It will take some time to accomplish the integration of our plants-adds Cima. We have set high goals for the future and the holding and the key will be to strengthen our identity. We will further work on the performance of our plants, focusing on sustainability and environmental care sharing the set of guidelines of the Italian paper industry to reach the Green New Deal”.
The Board of Directors of Paper Board Alliance developing the Group’s strategies includes seven representatives: Giuseppe Cima, President; Giulio Cima, Vice-President; Roberto Fontanelli, Advisor with Administration, Finance and Control mandate; Amedeo Valeri, Advisor with Technology mandate; Tiziano Pieretti, Advisor with Institutional mandate; Paolo Giacchi, Advisor, Vartan Manoukian, Advisor.
The new Paper Board Alliance is on line: www.paperboardalliance.com
Cartiera dell’Adda website: https://www.cartieradelladda.com/
industria cartaria Pieretti website: https://www.pieretti.it/