Toscotec announces the acquisition of the brand and intellectual property of the company formerly known as Recard, a long-established company in the sector specializing in the production of Tissue paper machinery. This includes the acquisition of know-how, technical drawings, and any other intangible assets.

"We are enthusiastic about this acquisition, which will enable us to further support our current and future clients and provide the necessary customer care," states Alessandro Mennucci, Toscotec's Chief Executive Officer. "Through this acquisition, we will be able to provide qualified support to all customers who have previously invested in Recard solutions, guaranteeing operational continuity and a high-level service. The acquired resources, coupled with our know-how and production capacity, present a compelling opportunity to generate value for our customers and the whole industry."

Following the acquisition, Toscotec is the sole and legitimate owner of all rights related to the brand Recard and its intellectual property, including - but not limited to - the patents, designs, models, trademarks and know-how developed by Recard.