Danieli acquires FATA
On 6th October 2015 FINMECCANICA signed an agreement to sell 100% of FATA S.p.A. to the Danieli Group.
FATA, established in 1936 with headquarters in Pianezza (TO), employs a workforce of approximately 200 employees and has a yearly turnover of about Euro 150 mil.
It operates worldwide as a referenced player in the field of industrial plant engineering and construction with its subsidiaries in the USA (Fata Hunter), India (FATA Engineering), China (Fata Shanghai ) and the UAE (Fata Gulf).
The acquisition of Fata EPC marks a milestone in Danieli’s project execution capability, and following the integration of the resources of Fata EPC and Danieli Construction International, which will add competitiveness to both business units, the company will remain independent and be free to operate in the most profitable markets.
The acquisition of Fata Hunter will further broaden Danieli Centro Aluminum’s product range thanks to its years-long experience in Continuous Roll Casters, Foil Mills, Color Coating Lines and complete aluminium plants (for food and pharmaceutical packaging) including EPC experience in smelter projects. These are strategic references which could boost Danieli’s sound experience in the non-ferrous sector.
The acquisition of Fata Hunter will also integrate certain areas of Danieli competences in steel lines such as Grinding and Polishing Lines and, partially, Bright Annealing Lines, as well as adding to our reference list regarding Galvanising, Pickling and Annealing lines, with particular focus on Stainless Steel.