Delta Capital and Ciotola SRL announce joint venture

19/12/18

Prague-based Delta Capital Stock Company has announced that SPM Security Paper Mill, part of Delta Capital as an investment group, has signed an agreement with Italy's Ciotola SRL, establishing a joint venture, operating the Security Paper Mill in Steti (Czech Republic).

The company will be managed by CEO Dr. Alfonso Ciotola, a paper industry professional who has held top management positions in the International Speciality & Security Paper Industry over the past 40 years.

SPM Speciality Paper Mill is a leading European manufacturer of medium and high-level security papers with 50 years' experience in the Security Industry.

Ciotola s.r.l. is an international sales & marketing organisation and a key player in the International Security Paper Market for the past 18 years.

Michael Broda, Chairman of Michael Broda:
"We are happy to announce this important growth deal with our long-term partner in the paper business. Ciotola s.r.l. is the perfect fit for us, offering consummate paper professionalism and has the global sales network to fulfil our expanding ambitions in the coming years".

Alfonso Ciotola: "The global Security Printing Industry has grown at a CAGR of 6 % in the last few years and will continue to grow in the future. We see our mission as providing the Security Industry with innovative substrates to prevent and detect tampering, counterfeiting, copying, all supporting product authenticity".

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