Maschio Gaspardo Completes Hay Making Buy
Italy’s Maschio Group has completed purchase of 100% of Cremona-based Feraboli top complete its plan to offer a full line of hay making equipment.
The group’s president, Egidio Maschio, announced at the SIMA fair in Paris that the group’s stake of 60% bought in 2014 had been extended to full control as a sign of determination to invest and expand at the plant thanks to the “quality and professionality of the labour force”.
“I thank all the employees at Feraboli for their willingness during this phase of the company’s transformation, and I’m sure that this is the first important objective in overcoming the challenges of the future together.”
The main thrust of changes at Feraboli will involve production processes, with priority being given to reduction of production times, rationalisation of warehousing and spare parts, and an increase in productive efficiency.
The company explained the first step in the reorganisation had been to set up three new production lines for fixed and variable geometry bale presses using an exclusive Feraboli patent.
Paint and washing shops were also updated, a new dispatch and assistance area created, along with new spare parts storage.
There has also been extensive work on the IT platform, now integrated with the group’s system in order to optimise management and control.
As in its other subsidiaries, the group has applied a lean approach to the new organisation required by the rapid evolution resulting from the policy of buying into new sectors of production.
With the entry of Feraboli, the group can now expect to make hay on a world-wide scale in supplying haymakers throughout the world.