Joint venture for Zoeller and Farid

Published:  01 October, 2019

Zoeller-Kipper from Germany acquires 60 per cent of the shares of the waste vehicle manufacturer Farid from the entrepreneur families Orecchia, Mazzini-Martinelli and Brivio.

The founding families will continue to hold stakes in the company and CEO Marco Orecchia will continue to lead Farid. The Zoeller Group will be expanding its market presence through the majority takeover of Farid.

Thomas Schmitz, CEO of the Zoeller Group, commented: ‘With this step, we expand our range of products and services and can serve our customers even faster and more comprehensively with combined forces.’

Marco Orecchia, CEO Farid, added: ‘The owner families Orecchia, Mazzini- Martinelli and Brivio are very happy to join forces with Zoeller. We look forward to a very prosperous future together in a larger combined group and can, therefore, offer the entire customer base an even broader range of vehicles and services.’

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