Fortaco Group, the leading brand-independent strategic partner to the heavy off-highway equipment and marine industries, has acquired Rapp Zastava, a Serbian company providing winches and other solutions to the marine industry.
Rapp Zastava, the company says, employs 150 people. A modern factory, located in Gruza, was built in 2014 with 10,000 m2 of production space.
By this acquisition, Fortaco is expanding its geographical presence and offer in the marine business. This provides Fortaco and its customers with a new capacity within the steel fabrications and assembly business, also in the off-highway segment, the joint press release says.
– The year 2020 represented exceptional market conditions for all of us. On the back of the good performance during this difficult year, I am happy to announce Fortaco’s expansion to Serbia by the acquisition of Rapp Zastava, which is aligned with our strategy to be the leading partner to the off-highway and marine equipment industries. I am impressed with the experienced team, the good infrastructure and the great products. The factory is modern, with further expansion opportunities. I am convinced we can provide our customers with increased value in steel fabrications and assemblies – says Lars Hellberg, President & CEO of Fortaco Group.
– We are very happy to join Fortaco Group and looking forward to start interacting with Fortaco people and with Fortaco’s current and future customers. Rapp Zastava has a long tradition in steel fabrications and assembly business. Availability of skilled people in the area is good. I am sure that we are well positioned to grow our business significantly and expand our customer portfolio also into the off-highway segment – says Aleksandar Djordjevic, Managing Director of Rapp Zastava.
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