29-Apr-2013
Brazilian furnace manufacturer ENGEFOR has been acquired by SECO/WARWICK Group
SECO/WARWICK takes over 100% of the shares of Brazilian heat
treatment manufacturer ENGEFOR in Jundiai, Sao Paulo, and covers the
Brazilian and South American market with an own manufacturing, service
and sales facility now.
SECO/WARWICK and the owners of ENGEFOR Indústria e Comércio
Ltda., a Brazilian furnace manufacturer based in the industrial belt of
Sao Paulo City in Jundiai, Sao Paulo State, have signed the contract for the acquisition of 100% of the shares of ENGEFOR end of April 2013.
ENGEFOR has been serving the Brazilian Market with Brazing,
Drying, Curing, Sintering and Heat Treatment furnaces/equipment in high
quality and with reliable service for more than 20 years. SECO/WARWICK
will extend the scope of products offered by ENGEFOR with the products
of its five business segments and will integrate ENGEFOR's manufacturing
and service capabilities in its international network. ENGEFOR employs
around 50 employees and will change its name to SECO/WARWICK do Brasil,
Industria de Fornos Ltda.
The former owners of the company, Aparicio Vilademir Freitas and
Yassuhiro Sassaqui, will remain in the management of the company and
will be reinforced by Thomas Kreuzaler, who will take a seat for the
SECO/WARWICK Group. SECO/WARWICK expects the profitable company to grow
further and faster by the additional products and services it is able to
offer now. The Brazilian customers have direct access now to the
equipment, technologies and processes of SECO/WARWICK via a local
manufacturing and service site in Brazil.
This investment in the Brazilian market is a milestone in the
global strategy of the SECO/WARWICK Group and will contribute to the
accomplishment of the goals that the Group set for its growth in the
next years.
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