Schuler Acquires Italian Press Manufacturer Farina Presse
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 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 , which enjoy an excellent reputation in Europe , and continue to operate under its own brand name .
“ 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 in the future .”
Paolo Civardi , General Partner of Farina Presse , stated : “ Becoming a member of the Schuler Group offers Farina Presse a unique growth perspective as it will give us access to new international markets . In return , Schuler will benefit from the flexibility and favorable cost structures of a small forging line specialist like Farina Presse .”
The production site of Farina Presse in Suello , Italy .
In 2017 , Farina Presse generated sales of around EUR 21 million with just over 40 employees . The company mostly supplies customers in Italy , Spain and Germany at present and is particularly successful in the automotive industry . With press forces of between 750 and 8,000 metric tons , the machines produced by Farina Presse cover a wide performance spectrum ..
www . schulergroup . com Mechanical forging presses from Farina .
6 TUBE NEWS August 2018