Toscotec, a leading manufacturer of paper machinery, 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. This strategic acquisition marks a significant step for Toscotec, strengthening its market position and expanding its product and services portfolio, thereby further consolidating its leadership in innovation, quality, and customer-centric strategies.
“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.
Toscotec reserves the right to initiate all civil, criminal, and administrative proceedings necessary to protect its rights, and hereby formally warns any third party against the unauthorized use of designs, diagrams, trademarks, know-how, or any other form of intellectual property formerly belonging to the company previously known as Recard, and now exclusively owned by Toscotec. Any infringement of these rights may result in the immediate adoption of precautionary measures, including injunctions and the seizure of counterfeit products, as well as claims for damages.
