The Faes Group sold Faes Srt  AG to the Edelmann Technology Group. With this step, Faes Srt AG is ideally positioned to further develop in cooperation with other Edelmann companies that are also active in the global slitting and rewinding business.
 
As of December 1, 2015, Faes Srt was spun off from the traditional company Faes AG in Wollerau, Germany to focus on the production of slitting and rewinding machines for high-tech films and foils. Faes AG was founded in Richterswil, Germany in 1912 and has established itself as a well known supplier in the area of precision parts production and assembly of modules, systems and machines for third parties at Wollerau and Mels, Switzerland as well as in Jihlava, Czech Republic. Faes Srt , with its subsidiary  in Sarasota, FL is the no. 1 worldwide for the sale of machines for the production of thermal transfer ribbons  and dye sublimation ribbons.
 
With more than 70 years of experience, Edelmann has distinguished itself through its adaptability to new market conditions and successful technological breakthroughs. Founded in 1946, the company has launched numerous inventions for the textile industry. Edelmann was among the world’s first manufacturers of a winding and slitting machine for nonwovens and for decades has developed into one of the world’s leading manufacturers of winding and slitting systems for the nonwoven industry.
 
PSA Technology GmbH from Bitburg and Gerd Wolff Maschinenfabrik GmbH from Hagen are also part of the company network. PSA Technology is known for a wide range of customer-specific solutions for winding and slitting machines for web-shaped materials made of paper, film, nonwoven, laminate, aluminum and composites. The Gerd Wolff Maschinenfabrik is well-known for its innovative bkm steel strip lines, which offer  customers crucial technical advantages in the rolling, winding and cutting of steel strips.
 
The Edelmann Group now has seven global locations in Germany, Switzerland, Luxembourg and the U.S.
 
“By creating this group of companies, we have managed to expand the competence and know-how for winding and cutting numerous materials, as no other company can do anywhere else in the world, says Jesus Lopez, proprietor of Edelmann.  The companies of the Edelmann network offer the technical solution to wind and cut almost every conceivable material. Through the unrestricted availability of technical solutions and know-how within the company group, we are creating the basis to further expand the innovative capacity of each individual company and to bring new developments even faster into the market. All companies belonging to the company network, Faes SRT AG, Edelmann Technology , PSA Technology GmbH and Gerd Wolff Maschinenfabrik are known for implementing specific solutions in their respective markets.”