Business News
Plastics Capital PLC strengthens its creasing matrix distribution with Italian investment in Logics-Mito
Tuesday 24. January 2017 - Plastics Capital, the niche plastics producer, today announced an investment made through its subsidiary C&T Matrix Ltd (C&T) in Logics-Mito based in Fara dAdda, Italy.
C&T is the world leader in the manufacture of plastics creasing matrix and has manufacturing operations in the UK, China and the US. C&T has a truly global reach and exports through more than 130 distributors in 70 countries around the world. One of the companys key strategies is to become closer to its end customers through cooperation and investment with key distributors as well as the provision of high levels of technical service.
Logics-Mito was founded in 1993 and has grown to be the undisputed market leader in the distribution of die and box making consumables in Italy. Logics-Mito enjoys exclusive arrangements with key industry suppliers such as Dicart, Clear, GNU, Perivo and C&T Matrix. More recently, Logics-Mito has itself made a significant investment in creasing matrix manufacture and now produces PVC and vulcanised fibre creasing matrix under the brand MITO.
The investment by the Plastics Capital Group will bring significant benefits to both C&T and Logics-Mito. C&T benefits from having Logics-Mito as its long term exclusive distribution partner for the Italian market as well as access to very skilled personnel to strengthen its technical team; whilst Logics-Mito will benefit from C&Ts global manufacturing experience, extended product range and financial support.
Faisal Rahmatallah, Chairman of Plastics Capital, comments: “The Italian market for creasing matrix is one of the largest in Europe as, unlike other neighbouring countries where larger groups are more prevalent, in Italy the market is dominated by small to medium sized convertors who continue to prefer using creasing matrix rather than other technologies. Logics and C&T have enjoyed a close relationship for many years and this new partnership brings important advantages to both companies. The first class reputation, strong customer reach and technical service expertise of the Logics-Mito team combined with the market leading products and product development pipeline of C&T will ensure that our customers in Italy will have access to a world-class product offering for die cutting and creasing products.”
Simon Shenton, Managing Director of C&T Matrix says: “From our first dealings with Logics-Mito we have felt a natural affinity with the Italian team and a more formal cooperation was inevitable. The technical knowledge of the commercial team is one of the best I have experienced and this is becoming increasing important in our market – it represents a real USP for our end customers.”
Shenton concludes: “Over the past decade C&T has continued to grow its client base organically and has increased its global footprint substantially despite challenging economic conditions. With now over 130 distributors across 70 countries, we are the leading producer of creasing matrix worldwide and we have significant ambitions for future growth. This includes further investments in distribution businesses such as Logics-Mito which help improve our market penetration in key territories.”