Strategic Investment in Joinville
The negotiated package includes an iron foundry, machinery, equipment, a 138-kV substation, land, and other assets in Joinville. Schulz had informed its shareholders in October about its intention to participate in the auction. Ovandi Rosenstock, Director of Investor Relations, stated: “The factory park and the business are strategically aligned with the company’s interests.”
New Leadership Structure
Also in October, Schulz announced the appointment of its first CEO outside the founding family in its 61-year history. Sandro Trentin, a 51-year-old engineer from Rio Grande do Sul, previously held leadership roles as COO at Randon Montadora and at Keko Acessórios, a company specializing in automotive parts and accessories.
About Schulz
Schulz is considered one of Latin America’s leading companies in compressed air generation, treatment, and storage, as well as a supplier of cast components to the global automotive market. In 2023, the company reported a profit of R$277.9 million, according to its financial report released in early 2024. Due to its impressive performance in recent years, Schulz has earned the nickname “new WEG” from investment manager Trígono Capital.
Source: www.schulzsa.com
