Weinig acquired 50% from Essetre

Weinig announced the acquisition of 50% of Essetre shares at a press conference in Milan on Monday 17 July 2023, to which Wood Magazine was invited. In this way, Essetre srl and Michael Weinig AG (Weinig) formalized the strategic alliance announced at Ligna 2023. The two companies will continue to develop together as equal partners.

Weinig and Essetre are very similar companies in terms of innovation and technology. This collaboration will bring value to both brands: Essetre will gain access to Weinig's sales and service network and Weinig will strengthen its market position. "Through this partnership and access to Essetre's product portfolio, we further strengthen our position in the market. We can now offer our customers the entire wood processing chain, from timber production to timber construction, complete from a single source."said Gregor Baumbusch (CEO Weinig).

Essetre will continue to be run by the Sella family, we have been assured by both partners. Giovanni Sella, founder of Essetre: "We wouldn't have done such a collaboration with any other partner. Weinig and Essetre represent the leading technologies on the market. We both have huge ambitions by combining our leading competences. We are confident there will be strong and sustainable growth."

The Weinig Company was founded in 1905 by Michael Weinig. Since 1947, the company has specialised in the development and production of woodworking machinery and equipment. In 2022, Weinig achieved worldwide sales of €586 million. The company employs 1,000 people at its headquarters in Tauberbischofsheim, Germany and around 2,500 worldwide. Gregor Baumbusch has been CEO of Weinig since 2018.

Essetre specialises in the timber construction industry as well as the furniture industry. Founded in 1979 by Giovanni Sella as a family business, Essetre is based in Thiene, Vicenza province, Italy. Since then, Essetre has expanded its market to over 30 countries and has designed and manufactured over 1200 CNC woodworking machines.

In Romania, Essetre is represented by Ligna Dumi Techfrom Brasov.