Faes Group has sold subsidiary Faes SRT to Edelmann Technology Group.
Faes was founded in Richterswil in 1912 and has established a name as a supplier in the area of precision parts production and assembly of modules, systems and machines for third parties at Wollerau and Mels, Switzerland, as well as in Jihlava, Czech Republic.
As of December 1, 2015, Faes SRT was spun off from the parent company in Wollerau to focus on the production of slitting and rewinding machines for high-tech films and foils. Faes SRT, along with its US subsidiary in Sarasota, Florida, is the leading worldwide supplier of machines for the production of thermal transfer ribbons and dye sublimation ribbons.
With this step, Faes said Faes SRT is ideally positioned to further develop the company in cooperation with other companies of the Edelmann Technology Group that are also active worldwide in the slitting and rewinding business.
Philippe Morf, Faes SRT CEO, said: ‘By joining the Edelmann Technology Group, for Faes SRT AG and Faes SRT Inc. new possibilities for innovation and growth are opening up, especially in related markets such as labels and labeling. Through the interdisciplinary know-how exchange, new future developments can be realized more quickly.’
With more than 70 years of experience, Edelmann has distinguished itself by its adaptability to new market conditions and successful technological breakthroughs. Founded in 1946, the company has launched numerous inventions for the textile industry, and was the world's first manufacturer of a winding and slitting machine for nonwovens and for decades has developed into one of the world's leading manufacturers of winding and slitting systems for the non-woven industry. PSA Technology is also part of the company network, specializing in a wide range of customer-specific technologies for winding and slitting machines for web-shaped materials made of paper, film, nonwoven, laminate, aluminum and composites. In total, Edelmann Technology Group now has seven locations in Germany, Switzerland, Luxembourg and the US.
Jesus Lopez, Edelmann Technology Group owner, commented: ‘By creating this group of companies, we have managed to expand the competence and know-how for winding and cutting numerous materials, as no other company can do anywhere else in the world. The companies of the Edelmann network offer the technical solution to wind and cut almost every conceivable material. Through the unrestricted availability of technical solutions and know-how within the company group, we are creating the basis to further expand the innovative capacity of each individual company and to bring new developments even faster into the market.’