Maschio Gaspardo Group—Italian manufacturing leader in the production of agricultural equipment such as tillage, seeding, crop protection and landscaping—announces the acquisition of the remaining 40% of shares of Feraboli Spa to hold the entire 100%.
President Egidio Maschio’s announcement was given during SIMA 2015 in Paris, one of the main European agricultural exhibitions. The group attended the show with more than 60 products and several novelties including ploughs, fertilizer spreaders and self-propelled sprayers.
Maschio Gaspardo bought the initial 60% of hay line product manufacturer Feraboli shares back in January 2014, aiming to complete its own product portfolio to offer a full line to dealers and distributors worldwide.
During 2014, Maschio Gaspardo Group heavily invested in the modernization of the Feraboli plant, reorganization of production processes and spare parts logistics management to reduce lead time and improve efficiencies.
A completely new production layout has been set, based on three dedicated lines for fix and variable chamber balers. The investments covered a new spare parts warehouse, a new shipping area and renoveted painting system to enhance the product’s quality. Moreover the group integrated the IT system SAP into the Feraboli plant.
Such a massive reorganization process takes an additional step through the wider group’s Lean production project started by the group in 2014 and embracing all Maschio Italian facilities, following the last few years' fast growth led by the company.
The renovated Feraboli plant is aimed to provide worldwide excellence for the production of hay making tools.
The full acquisition of Feraboli Spa highlights the Maschio Family's firm wish to keep leading the group and investing in those strategic territories where Feraboli is rooted.
"The acquisition of 100% Feraboli Spa shares confirms the Maschio Group commitment to keep investing and growing in Cremona," President Egidio Maschio stated during the announcement at SIMA, "where we found high quality manpower and professionality. I want to thank all Feraboli’s employees for the demonstrated commitment in such a phase of company’s transformation; sure it will represent the first important step to win the future challenges.
“Furthermore I want to thank the Feraboli Family, especially Mr. Francesco Feraboli, whom I wish a new and successful professional adventure.”