kathimerini.gr
Atlas Tapes Acquires PPM Industries, Creating €270 Million Global Adhesive Tape Giant
Atlas Tapes, a Greek company, acquired Italian PPM Industries, creating a €270 million turnover group employing 1,000 people, strengthening its global leadership in adhesive tapes for construction and automotive.
- What is the significance of the Atlas Tapes acquisition of PPM Industries for the global adhesive tape market?
- The Greek Atlas Tapes acquired the Italian PPM Industries, creating a €270 million turnover entity employing 1,000 people. This combines Atlas's €170 million turnover and PPM's €100 million, strengthening Atlas's global leadership in adhesive tapes for construction and automotive sectors.
- How did the involvement of Auctus Capital Partners and financing from Greek banks shape the outcome of this merger?
- This merger follows Auctus Capital Partners' 2022 acquisition of PPM, then its sale to Atlas in 2025. Mateo Pellegrini, PPM's CEO, retains a minority stake and a board seat, signifying continued Italian expertise within the expanded group. The deal was financed by Eurobank and Alpha Bank, reflecting confidence in the combined entity's potential.
- What are the long-term implications of this merger for sustainability practices and product innovation within the adhesive tape industry?
- The integration of PPM's production facilities in Italy, India, UK, and USA, alongside Atlas's Swiss subsidiary, creates a fully vertically integrated global operation. This positions the new group to capitalize on industry trends towards sustainable and specialized adhesive tape solutions, further solidifying its global market leadership.
Cognitive Concepts
Framing Bias
The headline (if there was one) would likely emphasize the positive aspects of the merger and the creation of a global leader. The press release uses language that highlights success and growth, potentially downplaying any challenges faced during the integration process. The quotes selected reinforce the positive message.
Language Bias
The language used is overwhelmingly positive and celebratory. Terms such as "ορόσημο," "παγκόσμιος ηγέτης," and "μοναδικό φάσμα λύσεων" create a highly favorable impression. More neutral language could be used to present a more balanced view.
Bias by Omission
The press release focuses heavily on the positive aspects of the merger, potentially omitting challenges or risks involved in integrating two companies of this size. There is no mention of potential job losses or disruptions to the supply chain following the merger. The financial details are presented positively but lack the detailed scrutiny needed for a fully informed assessment.
False Dichotomy
The narrative presents the merger as a win-win situation, without exploring potential downsides or alternative scenarios. The focus is solely on the benefits to the merged company and its stakeholders.
Gender Bias
The text primarily focuses on the business aspects, making gender bias difficult to assess. While male figures are prominently featured (Iason Lantzis, Mateo Pellegrino, etc.), the focus is on their business roles rather than stereotypical gender attributes.