We are pleased to announce that AFLG Industrials, LLC, a subsidiary of AFLG Holdings, Inc. (“AFLG”), headquartered in Tampa, Florida will embark on a Joint Venture with HIDRALMAC, located in Araraquara city, state of Sao Paulo, Brazil. HIDRALMAC is one of the largest manufacturers of Hydraulic Presses, Press Brakes and Guillotine Shears. The joint venture is designed to drive a higher level of investment and provide greater market access throughout the United States.
AFLG and HIDRALMAC, who together have recognized the major synergies that both companies offer each other under the joint venture, will operate under the name of HIDRALMAC USA. The joint venture will capitalize on the strong reputation HIDRALMAC has developed as a leading provider of manufacturing equipment in Latin American and Europe.
Commenting on the announcement, Freddy Russian, President & CEO of AFLG said, “We see some exciting opportunities by partnering with companies like HIDRALMAC who stays at the forefront of innovation and extensive experience in this field. This is an incredible collaboration that will drive significant market access in the US with best in class products and professional expertise.”
AFLG is delighted to be able to offer the complete range of HIDRALMAC products via the new joint venture and is looking forward to what the future holds for this new partnership.
HIDRALMAC has been in the market for over 20 years and has produced over four thousand machines spread out through Latin America and Europe. Currently, HIDRALMAC has over 200 employees. In 2015, HIDRALMAC consolidated its international exposure when it initiated a joint venture with its home office in Gelsenkirchen – Germany, opening its first international unit called the HIDRALMAC Europe, dedicated to selling equipment throughout Europe.