Schuler AG, member of the Andritz Group, acquired 100% of Farina Presse, the Italian manufacturer of presses and hot forging lines based in Suello (LC).

With the integration of Farina Presse, Schuler AG 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 will continue to operate under its own brand name.

Nico and Paolo Civardi, the Sellers, were advised by K Finance (Clairfield Italy) that acted as financial advisor, Pedersoli Studio Legale acted as legal advisor and Studio Colombo Commercialisti Associati was the fiscal advisor.

Farina Presse, owned by Domenico and Paolo Civardi, Farina generated sales of around EUR 21 million in 2017. The company, that has 40 employees, mainly supplies customers in Italy, Spain and Germany and is particularly successful in the automotive industry. With press forces of between 750 and 8,000 metric tons, the machines produced by Farina cover a wide performance spectrum.

Schuler Group, founded in 1839, is a global German leader in the metalforming industry providing technical solutions both for cold and hot treatment. The Group has a total turnover of about Euro 1,2 million with about 6,507 employees and mainly serves the automotive, packaging and household industries. Schuler also provides technologies for aerospace and minting plants.

Andritz Group, listed on the Vienna Stock Exchange (Ticker: ANDR.VI), is a globally leading supplier of plants, equipment and services for hydropower stations, the pulp ad paper industry, the metal-working and steel industries and solid/liquid separation in the municipal and industrial sector. In 2017 it generated a turnover of around 6 billion Euro with more than 25,000 employees.