Spanish technology manufacturer Fagor Arrasate (FA) has expanded its coil processing capabilities by acquiring Herpasa, a manufacturer of stainless steel tanks based in Castellbisbal, Kallanish notes.
The transaction was made possible after the acquired company went into liquidation following the conclusion of insolvency proceedings.
“Our immediate priority is to ensure the continuity of Herpasa’s ongoing projects, providing the necessary resources and sales network to bring the company to the next level,” says FA. “The entire workforce will be retained and strengthened, thereby ensuring continuity of service and preserving the specialist expertise that has long defined this brand.”
No financial details of the transaction have been disclosed.
