ANDRITZ, an international technology group providing manufacturing equipment for a variety of industries, including aluminum, signed an agreement to acquire Salico Group, headquartered in Italy and Spain, including its subsidiaries in the U.K., U.S., and India. This acquisition marks another important step in ANDRITZ’s strategy to become the full-line supplier for the entire downstream portfolio in the ferrous and non-ferrous industries.
“By combining Salico’s experience in all standard finishing lines with our expertise in high-strength tension and multi-roll leveling lines, we are broadening our technology portfolio to address a wider range of customer needs,” said Guido Burgel, senior vice president, Metals Processing at ANDRITZ. “This acquisition allows us to offer our customers the whole downstream process from ANDRITZ and provide comprehensive, innovative solutions for efficient and reliable operation of finishing lines throughout their lifecycle.”
Founded in 1978, Salico has over 45 years of experience in supplying flat strip finishing equipment for the metals industries. With locations in five countries and a manufacturing base in and around Molteno, Italy, the company achieves annual revenues in the range of €100 million with a team of more than 150 experts.
Salico specializes in the design and manufacture of advanced finishing equipment for metal flat strip processing. These products include aluminum strip finishing lines, such as slitting, cut to length, tension leveling, blanking, cleaning, degreasing, and packaging. The company’s product portfolio complements ANDRITZ’s capabilities in supplying and servicing finishing equipment for various steel and aluminum grades and all strip dimensions. Its sales and service network will further strengthen ANDRITZ’s global presence and support continued growth in the finishing segment and related service business.
“We are looking forward to the integration of Salico into a global technology leader like ANDRITZ,” noted José María Gerbolés, CEO of the Salico Group. “Together with our highly motivated team of professionals, we are excited about this new scenario, which provides great opportunities for joint growth and development. United, we will serve our customers with flexibility, fast response time, a direct approach, and the strength of the ANDRITZ Group.”