Schuler Acquires Italian Press Manufacturer
The Schuler Group acquired Farina Presse of Suello, Italy, a manufacturer of presses and forging lines. With its acquisition of the northern Italian engineering specialist, Schuler rounds 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 and will continue to operate under its own brand name. With press forces between 750 and 8,000 metric tons, the machines produced by Farina Presse cover a wide performance spectrum. The company mostly supplies automotive customers in Italy, Spain and Germany.
“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,” said Schuler CEO Domenico Iacovelli.
Paolo Civardi, general partner of Farina Presse, said, “Becoming a member of the Schuler Group offers Farina Presse a unique growth perspective as it will give us access to new international markets.”