CCS Set to Join Forces with JOA in Strategic Acquisition
Deal News | Jun 25, 2025 | Finance Community IT - 1 Corporate M&A
JOA, a global leader in high-speed machinery production, has announced its acquisition of Cellulose Converting Solutions (CCS), a prominent Italian manufacturer of conversion machinery. This strategic move is an integral part of JOA's plan to enhance its presence in Europe and further its global reach. The acquisition, which is expected to close by autumn 2025 pending regulatory approval, brings together two family-operated businesses with highly compatible cultures and complementary product offerings. CCS's expertise in medium-speed machinery complements JOA's high-speed capabilities, providing a comprehensive range of solutions to better serve customers worldwide. Advisors for the deal included EY Parthenon and ADR for CCS, while JOA was advised by Brian Dearing and Gianni & Origoni. The integration promises to leverage synergies in talent and intellectual property, creating a stronger global service offering.
Sectors
- Machinery Manufacturing
- Corporate Finance
- Legal Advisory
Geography
- Italy – CCS, the target company in the acquisition, is based in Italy, making it a focal geography for the transaction.
- Global – JOA operates globally, and the acquisition is aimed at expanding its worldwide presence, making 'Global' relevant to the article.
- Europe – A key strategic goal for JOA in acquiring CCS is to expand its presence in Europe, highlighting the continent's significance in this transaction.
Industry
- Machinery Manufacturing – The article focuses on companies involved in the manufacturing of high-speed and conversion machinery, a key sector within industrial production.
- Corporate Finance – The involvement of advisors such as EY Parthenon indicates corporate finance elements, crucial for the transaction process in M&A activities.
- Legal Advisory – Legal firms play a significant role in ensuring regulatory compliance and legal alignment for international transactions such as this acquisition.
Financials
- Not specified – The article does not disclose the financial terms of the acquisition deal.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cellulose Converting Solutions (CCS) | Target Company | Company | Italian producer of conversion machinery, based in Pescara. |
| JOA | Bidding Company | Company | A global leader in high-speed machinery production engaging in the strategic acquisition of CCS. |
| EY Parthenon | Financial Advisor to Vendor | Company | Advised CCS during the transaction with a team led by partners Gabriele Rollo and Giorgio Castelli Villa. |
| ADR | Legal Advisor to Vendor | Company | Provided legal advisory services to CCS for the transaction. |
| Brian Dearing | Financial Advisor to Bidder | Person | Served as financial advisor to JOA in the acquisition of CCS. |
| Gianni & Origoni | Legal and Tax Advisor to Bidder | Company | Provided legal and tax advisory services to JOA for the transaction. |