Schlatter strengthens strategic position in wire production systems
The Schlatter Group acquires a majority shareholding of 51% in the Italian company Sokol Engineering S.r.l.
With the acquisition as of January 1, 2022, Schlatter is strengthening its strategic position in wire production systems and taking a further step towards becoming a comprehensive solution provider in the wire industry.
Sokol Engineering S.r.l., based in Tavagnacco (Udine), Italy, develops and builds a comprehensive range of systems for wire production such as cold rolling, wire drawing and stretching lines, generating net sales of EUR 3.0 million per year.
The new Schlatter Group company will continue and expand its existing activities under the name Schlatter Italia S.r.l.. The founder of the company, Mr. Sokol Haxhiaj, will continue to support the Schlatter Group as managing director and shareholder with his many years of experience.
Schlatter’s customers will benefit from the takeover in the form of expanded system expertise and a comprehensive point of contact across the entire value chain.