New Atlas Tapes Group

On November 29, 2024, the completion of the acquisition of 100% of PPM Industries’ shares by Atlas Tapes SA was announced. Atlas Tapes is a leading manufacturer of adhesive tapes for packaging, paper, and masking, with production plants in Greece and Switzerland.

With a combined family tradition of over 120 years in adhesive tape production and 140 years in paper production, Atlas Tapes and PPM Industries will create a new global leader in the paper, masking, specialty adhesive tapes, and packaging tape segments, offering a wide range of solutions and an extensive geographic presence.

PPM Industries Group is one of the leading manufacturers in Europe in the masking tape, duct tape, and packaging tape markets. The company was founded in 1993 by Giuseppe Pellegrini and was later led by his son Matteo Pellegrini.

The company employs over 400 people and has a distribution system that reaches over 60 countries worldwide. The General Headquarters is located in Presezzo, in the province of Bergamo. The two Italian production sites are in Brembate di Sopra and Calusco d’Adda. At the beginning of 2018, a third production facility was opened in India under the name of Trustin Tape, located in Dahej, Gujarat.

The new entity will generate revenues of around 270 million euros and employ nearly 1,000 people.

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