ITALY – Industriekapital acquires Faral
Bavaria Industriekapital has acquired radiator manufacturer Faral SpA from the Swiss Zehnder Group, a global player in the heating and climate control business. The parties also signed an agreement to ensure the ongoing supply of key components to the Zehnder group.
Based in Modena, Faral was founded in 1966 and specialises in the production of cast iron and steel radiators. In addition, the company has produced the world's first aluminium radiators for customers in Europe and is a major supplier of a wide range of different models. Faral generated EUR 48m in sales in 2007.
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