FFG Signs Agreement to Acquire Pfiffner Group

Pfiffner’s partner in the Americas, Hydromat Inc., is optimistic about the future with the FFG led Pfiffner Group.

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On April 20, Fair Friend Group (FFG) signed an agreement with K.R. Pfiffner AG (Pfiffner Group) to acquire all shares of the Pfiffner companies. 

Pfiffner’s partner in the Americas, Hydromat Inc., is optimistic about the future with the FFG led Pfiffner Group. “I met with Luigi Maniglio, president of FFG Werke GmbH prior to the announcement of this acquisition, and I believe that he and his team are fully engaged in the growth and advancement of FFG’s machine tool division. Because of this, the Pfiffner Group will be stronger and more innovative than ever, and that will make Hydromat Inc. even more successful and better able to meet the demands of our customers,” says Bruno Schmitter, president and CEO of Hydromat Inc. “We are very pleased with this partnership.”

FFG’s machine tool sector has 19 brands and 31 machine tool enterprises mostly in Taiwan, Japan, S. Korea, China, the U.S., Italy, Germany, and now adds Switzerland to its map. Within the FFG group, the machine tool division generates approximately $1.8 billion of  total sales of about $3.3 billion.