08/01/2018

Schuler acquires Italian press manufacturer Farina Presse

Strengthening of market position in mid-range performance segment

back 1 / 2 continue

zoom

back 2 / 2 continue

zoom

close

back 1 / 2 continue

The production site of Farina Presse in Suello, Italy.

back 2 / 2 continue

Mechanical forging presses from Farina

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.”

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.