Schuler acquires Italian press manufacturer Farina PresseVolker Karow
Schuler strengthens its market position in the mid-range performance segment and gives Farina access to new international markets.
Schuler has acquired Farina Presse, the Italian manufacturer of presses and forging lines. With its acquisition of the mechanical 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.”
In 2017, Farina Presse generated sales of around 21 million euros 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 tonnes, the machines produced by Farina Presse cover a wide performance spectrum.