Fonderie di Montorso Spa continues to seek opportunities aimed at strengthening our business and growth path.
Last April we purchased 100% of the shares of Fonderie Scaranello, an acquisition that allowed us to increase our product portfolio and services, thanks to the precision seal rings and shell molding technology.
Today we are proud to announce another step towards further enhancing our services. Fonderie di Montorso Spa finalized the acquisition of Evotech Hydraulics, the business unit of Evotech Srl, headquartered in Castelletto Bolognese and specialized in machining operations for hydraulic components.
This acquisition will enable Fonderie di Montorso to supply machined castings, therefore developing the service for our customers and creating important synergies and efficiencies between foundry and machine shop.
The acquisition foresees the transfer of the business unit (machinery and dedicated personnel) into a production warehouse located within the compound of the Fondmatic plant of Crevalcore, the foundry of Montorso group specialized in hydraulic castings. Due to this strong specialization in casting and machining of hydraulic components, the new machine shop will be renamed Fondmatic Hydraulic Machining.