Biesse Group acquires Forvet glass machining producer
October 26, 2021 | 11:01 am CDT
Biesse

PESARO, Italy  -  Woodworking technology specialist Biesse Group, which also designs, manufactures and distributes systems and machines for machining glass, stone, metal, plastic and composite materials, has acquired Forvet Costruzione Macchine Speciali SpA, a manufacturer of specialty equipment for glass machining.

The deal is valued at around 41 million Euro and is expected to be completed by year-end.

"This is a strategic acquisition that allows us to complete the range of glass machining centers with complementary industrial solutions that can be perfectly integrated with our technologies, thus offering technologically advanced customers modular lines and automated systems that can guarantee high levels of productivity and flexibility" said Roberto Selci, Biesse Group CEO.

Founded in Pesaro in 1969 by Giancarlo Selci, Biesse has been listed in the STAR segment of the Italian Stock Exchange since June 2001. It has 13 premises, 39 subsidiaries, and 300 selected dealers. The group also has approximately 4,300 employees worldwide.

Biesse America is based in Charlotte, North Carolina, with offices also in Canada.

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Karen Koenig | Editor

Karen M. Koenig has more than 30 years of experience in the woodworking industry, including visits to wood products manufacturing facilities throughout North America, Europe and Asia. As editor of special publications under the Woodworking Network brand, including the Red Book Best Practices resource guide and website, Karen’s responsibilities include writing, editing and coordinating of editorial content. She is also a contributor to FDMC and other Woodworking Network online and print media owned by CCI Media. She can be reached at karen.koenig@woodworkingnetwork.com