The BCS crisis is becoming increasingly complicated. The Fulchir Group has decided not to complete the acquisition of the historic agricultural machinery manufacturer based in Abbiategrasso, near Milan.
After carrying out further assessments directly at the company, the Fulchir Group announced on Tuesday, September 22, 2026, that it would not proceed with the acquisition of the BCS Group.
According to Fulchir representatives, the decision follows the discovery of critical issues that were significantly more serious than those identified in the analyses conducted in recent weeks. The plan to establish a Newco and restart production, announced only a few days earlier, has therefore been abandoned.
Fulchir pulls out after further assessments at BCS
The decision comes after the announcement, made in mid-September, that Fulchir would enter the capital of BCS through a new operating company. The project involved leasing the business unit. Including the BCS, Ferrari, Pasquali and Mosa brands, an initial investment of €5-10 million and a gradual restart of production from October onwards. The plan was also expected to involve the group’s approximately 430 employees, with the stated objective of restoring full employment by the beginning of 2028.
However, after gaining access to the company and carrying out a more detailed assessment of its situation, Fulchir stated that it no longer considered the operation sustainable. According to the industrial group, difficulties emerged regarding component availability, continuity of supplies and the restart of production processes. Together with supply-chain conditions that proved more complex than initially assessed. Fulchir also highlighted the risk of significant dependence on certain strategic suppliers and unsustainable procurement conditions.
The BCS crisis back at the centre of the debate
The withdrawal of the potential buyer therefore reopens the discussion over the industrial future of BCS and its production facilities. Trade unions Fim and Fiom have asked the company to consider entering extraordinary administration, which they regard as a possible means of protecting production continuity, the group’s industrial assets and employment. While a new investor capable of supporting the company’s relaunch still needs to be identified.
The situation concerns one of the historic names in the Italian agricultural machinery industry. The BCS Group operates under the BCS, Ferrari, Pasquali and Mosa brands, offering a product range that extends from two-wheel tractors and sickle-bar mowers to specialised tractors and machinery for professional applications. Following the prospect of a production restart announced for October, the BCS crisis has now entered a new phase, in which the next decisions by the company’s owners and institutions. As well as the possible identification of a new industrial partner, will be crucial.
BCS crisis, Fulchir pulls out
By the Editorial Staff
