Dieffenbacher Acquires Pagnoni
German machine and plant manufacturer Dieffenbacher has acquired the Italian family-owned company Pagnoni Impianti S.r.l., headquartered in Aicurzio, about 30 km northeast of Milan. The company will operate under the new name Pagnoni Dieffenbacher S.r.l. The acquisition includes the assets and expertise of the plant manufacturer and four-person team led by Managing Director Michele Pagnoni, the sixth generation of his family to run the long-established company.
Pagnoni Impianti was founded in 1848 by brothers Stefano and Martino Pagnoni as a manufacturer of oil presses and pasta-shaping machines and systems. After World War I, Nicola Pagnoni, grandson of one of the company’s founders, began producing hot-plate presses, particularly for plywood production. Since then, Pagnoni has specialized in producing single- and multi-opening presses and press lines for the production of particleboard, plywood, MDF and hardboard, as well as HPL decorative laminates and short-cycle lines for melamine and phenolic paper coating.
“Pagnoni fits in perfectly with our values at Dieffenbacher. The company is highly regarded in the industry for its partnership-based approach to doing business and its technically sound and well-engineered machines and systems,” says Dieffenbacher CFO Lukas Langer.
With the acquisition of the company, Dieffenbacher will focus on existing Pagnoni customers as a first step. “The personal support provided by the familiar Pagnoni contacts will continue. The Pagnoni team will also be supported by our entire global Dieffenbacher service network,” explains Ralf Schmidt, Head of Global Lifetime Service Wood & Recycling at Dieffenbacher.
Dieffenbacher will use its after-sales expertise to maintain and strengthen the support of existing business relationships for service, spare parts supply and modernizations. Since the customer base of Pagnoni and Dieffenbacher largely overlaps, this will produce considerable synergy potential on both sides.
In the medium to long term, Dieffenbacher will add Pagnoni products to its portfolio. “In particular, the short-cycle, HPL and plywood plants will be a useful addition to our range of services. We will also incorporate know-how in single and multi-opening plants for producing wood-based panels into our product range,” says Stefan Zipf, Head of the Wood Business Unit at Dieffenbacher.
Latest News
Kadant Completes Key Knife Acquisition
Kadant Inc. has completed its previously announced acquisition of Key Knife, Inc. and some of its affiliates for approximately $156 million in cash, subject to certain customary adjustments. The acquisition was financed primarily through borrowings under Kadant’s revolving credit facility. Key Knife, a global supplier of engineered knife systems for custom chipping, planing, and flaking solutions for wood product industries, is headquartered in Tualatin, Ore. with…
PELICE 2024 Continues To Light Up Scoreboard With New Presentations
Organizers of the ninth Panel & Engineered Lumber International Conference & Expo announced that attendee registration is open for the event, which will be held March 14-15, 2024 at the Omni Atlanta Hotel at Centennial Park in downtown Atlanta, Georgia— the same location as the previous eight PELICE events…
Kronospan Completes Simsboro Particleboard Purchase
Kronospan, a producer of wood panel products, has announced the closing of its purchase of Roseburg’s Simsboro, La., particleboard facility following the expiration of the required regulatory review period. Ownership of the plant has been transferred from Roseburg to Kronospan…
Find Us On Social
Newsletter
The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.
Subscribe/Renew
Panel World is delivered six times per year to North American and international professionals, who represent primary panel production operations. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!