Saurer Purchases Fincarde
Switzerland-based Saurer Management
AG has acquired the entire capital of Italy-based textile machinery manufacturer Fincarde Group,
making Saurer a source for complete lines for carded nonwovens.
Fincarde, which was created in 2002 when Octir and FOR merged and has a turnover of approximately 13 million euros, will become part of Saurer’s Neumag business.
Additionally, Saurer has increased its ownership in Germany-based Autefa automation GmbH by 9 percent to 60 percent. Autefa manufactures packing systems and automation solutions for fiber production and processing.
With the technologies of Fincarde, Autefa and Austria-based Dr. Ernst Fehrer AG, which Saurer acquired in 2005, Saurer’s Neumag brand will be able to offer solutions for the entire carded nonwovens process, the company reports.