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Schlatter Group acquires majority stake in Italian company, bolsters strategic position

3/4/2022 – Germany’s Schlatter Group announced that it has acquired a majority stake (51%) in Sokol Engineering Srl, a European manufacturer of wire processing equipment.

A press release said that Sokol Engineering, based in Tavagnacco (Udine), Italy, develops and builds a comprehensive range of wire production equipment. That includes cold rolling, wire drawing and stretching lines that generate net sales of €3 million a year.

With this deal, “Schlatter is strengthening its strategic position in wire production plants and taking a further step towards becoming a comprehensive solution provider in the wire industry.” Schlatter is known for its resistance welding technology and weaving machines for specialized purposes.

Sokol Engineering will continue and expand its existing activities under the name Schlatter Italia Srl. Company founder Sokol Haxhiaj, who has many years of experience, will continue to support the Schlatter Group as managing director and a shareholder. Schlatter’s customers will benefit from the takeover with expanded system expertise and a comprehensive partner across the entire value chain

Read 704 times Last modified on March 3, 2022