Hot off the Press


 

SHARE:  

Schuler Acquires Italian Press Manufacturer Farina Presse

Wednesday, August 8, 2018
 

Schuler has acquired Farina Presse, the Italian manufacturer of presses and forging lines. With its acquisition of the engineering specialist based in Suello, northern Italy, the Germany-based Schuler Group has rounded out its own product portfolio in the field of forging and single-stroke presses. Farina Presse will gain access to Schuler’s global distribution network for its products.

“By acquiring Farina Presse, we have taken a further successful step in our product strategy of strengthening Schuler’s market position in the mid-range price and performance segment,” says Schuler CEO Domenico Iacovelli. “Farina Presse already supplies interesting customer groups in Europe and, together with Schuler, will also serve customers in Asia and North America.”

“Becoming a member of the Schuler Group offers Farina Presse a unique growth perspective as it will give us access to new international markets,” says Paolo Civardi, general partner of Farina Presse. “In return, Schuler will benefit from the flexibility and favorable cost structures of a small forging line specialist like Farina Presse.”

For more, click here.



 


Reader Comments

There are no comments posted at this time.

 

Post a Comment

* Indicates field is required.

YOUR COMMENTS * (You may use html to format)

YOUR NAME *
EMAIL *
WEBSITE

 

 

Visit Our Sponsors