FIC

What FIC does

FIC S.p.A. is an Italian industrial manufacturer founded in 1951 and headquartered in Mese (Valchiavenna, Italy) that designs and produces heat exchangers, refrigeration tanks, and thermal processing equipment built around its proprietary Pillow Plate technology. The company serves enterprise customers across dairy, food and beverage, chemical, pharmaceutical, industrial refrigeration, refrigerated transport, bulk solid handling, and heat recovery sectors, exporting to over 60 countries through a network of regional distributors, agents, and direct sales contacts. Its product portfolio spans milk chillers, ice cream tanks, process tanks, chilled water refrigeration systems, eutectic plates, shell-and-tube and air-water heat exchangers, and a modular Bulk Solid Heat Exchanger capable of cooling 120 ton/h of granular solids with integrated humidity control.

The underlying Pillow Plate technology is built by laser- or resistance-welding two stainless steel sheets and inflating them to form an internal cavity for thermal fluid circulation, available in double- or single-embossing configurations. Manufacturing is conducted on a 40,000 sqm site (20,000 sqm covered) with three fiber laser welding lines and one multi-point resistance welding line, processing approximately 1,500 tons of stainless steel annually, and operating under ISO 9001:2015, UNI EN ISO 3834-2:2021, ASME U-Stamp, CE/PED, EAC, and F-GAS certifications. The Sical sub-brand extends the portfolio into channel-formed air-water exchangers for the papermaking industry.

FIC operates a custom project-based business model with quote-driven, multi-year contracts and direct commercial engagement for each engagement, supplemented by spare parts and technical/after-sales support from headquarters. The company was acquired by WindeX Investment Club in 2023, which appointed Maurizio Tursini as CEO and launched a transformation program that includes a new corporate website, expanded digital presence, and pursuit of new verticals such as aerospace and waste-to-energy.

Name

FIC

Legal name

FIC S.p.A.

Website

https://fic.com

Company type

Private

Founded year

1951

Operating status

Operating

Headcount range

51–100 employees

Short description

FIC S.p.A. is an Italian manufacturer founded in 1951 specializing in industrial heat exchangers and refrigeration equipment based on proprietary Pillow Plate technology, serving dairy, food, beverage, chemical, and industrial sectors across 60+ countries.

Ownership category

akta.pro rank

Product category

Industrial Heat Exchangers

NAICS

Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Power Boiler and Heat Exchanger Manufacturing (332410)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro primary industry

Heat Exchangers & Thermal Transfer Equipment (IMAHAKAC)

Keywords

• Industrial heat exchangers
• Stainless steel fabrication
• Refrigeration equipment
• Pillow plate technology
• Thermal transfer solutions

Headquarters

HQ city

Mese

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Industrial Heat Exchangers: Custom-manufactured heat exchangers including Pillow Plate, shell-and-tube, and Bulk Solid Heat Exchangers for industrial applications. Revenue generated from design, manufacturing, and delivery of bespoke thermal solutions.
2. Refrigerated Tanks and Process Equipment: Manufacture of refrigerated tanks including milk chillers, ice cream tanks, process tanks, and eutectic plates for food, beverage, and dairy industries.
3. Spare Parts and After-Sales Support: Spare parts supply and technical/after-sales support services for installed equipment.
4. Custom Engineering and Design Services: Custom thermal design and engineering services, particularly for complex applications like waste-to-energy, chemical processing, and aerospace.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

FIC designs and manufactures custom stainless steel heat exchangers and industrial refrigeration equipment, built around its proprietary Pillow Plate technology. Its portfolio includes milk chillers, ice cream tanks, process tanks, chilled water refrigeration systems, eutectic plates, industrial heat exchangers, and bulk solid heat exchangers serving dairy, food, beverage, chemical, pharmaceutical, and process industries across more than 60 countries.

Product overview

FIC S.p.A. is an Italian manufacturer specializing in industrial heat transfer and refrigeration technologies. Founded in 1951 and headquartered in Mese (Sondrio), the company offers a comprehensive portfolio of thermal solutions centered on its proprietary Pillow Plate technology. The product range includes milk chillers, ice cream tanks, process tanks, chilled water refrigeration systems, eutectic plates, heat exchangers, and bulk solid heat exchangers—all utilizing Pillow Plate technology for enhanced thermal efficiency. The company also operates under the Sical sub-brand for air-water heat exchanger applications. With approximately 130 employees processing 1,500 tons of stainless steel annually across a 40,000 sqm facility, FIC exports to over 60 countries serving dairy, food, beverage, chemical, pharmaceutical, and industrial refrigeration sectors.

Differentiator

Problem solved

Functional benefit

Brands

• Sical: Heat exchange technology brand, mentioned as related entity in company navigation and case studies

Products and services

• Milk Chillers (Refrigeratori del Latte)

Quantifiable outcome

• 120 ton/h cooling capacity for granular solids
• +1 more outcomes

Named customers5 records

Segments8 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators7 records

Recent moves3 records

Expansion highlights6 records

Broad incumbents

• Alfa Laval: Swedish multinational and global leader in heat transfer, separation, and fluid handling. Directly competes with FIC in industrial heat exchangers but at much larger scale, with broader portfolio including plate, brazed, and shell-and-tube designs serving overlapping dairy, food, and chemical end markets.
• GEA Group: German industrial machinery group with a large heat exchangers and dairy/food processing equipment division. Comparable to FIC in serving dairy, food, beverage, and chemical customers with thermal solutions, but operates at global scale with full process line capabilities.
• Xylem: US-based global water technology company with industrial heat exchanger and process cooling offerings. Comparable to FIC in industrial thermal management for water-related and process industry applications, though operating at significantly larger scale.

Direct peers

• Kelvion: German specialist manufacturer of industrial heat exchangers (plate, shell-and-tube, brazed) serving HVAC, refrigeration, dairy, chemical, and power markets. Closely comparable to FIC in custom-engineered heat exchanger offerings for similar industrial customer base.
• Funke Wärmeaustauscher Apparatebau: German manufacturer of plate heat exchangers and heat exchanger systems for industrial and HVAC applications. Comparable mid-sized European competitor to FIC, focused on engineered thermal solutions for chemical, food, and process industries.
• SWEP (Dover): Part of Dover Corporation, SWEP is a global leader in brazed plate heat exchangers for HVAC, refrigeration, and industrial applications. Overlaps with FIC's heat exchanger portfolio in refrigeration and chilled water segments but at much larger production scale.
• API Heat Transfer: US-based manufacturer of industrial heat exchangers including plate, shell-and-tube, and air-cooled designs. Comparable to FIC in serving chemical, petrochemical, and process industries with custom-engineered thermal solutions.
• Paul Mueller Company: US manufacturer specializing in dairy and food processing equipment including milk cooling, storage tanks, and heat exchangers. Directly comparable to FIC's milk chillers, ice cream tanks, and process tanks serving the dairy industry.
• Tranter (SPX Technologies): Part of SPX Technologies, Tranter is a global manufacturer of plate heat exchangers for HVAC, refrigeration, and industrial processes. Comparable product portfolio and customer base to FIC in industrial heat transfer applications.
• Sondex (Danfoss): Plate heat exchanger brand under Danfoss Climate Solutions, serving HVAC, refrigeration, and industrial process markets. Comparable to FIC in heat exchanger technology for similar end-use applications including dairy and food processing.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@fic6745
• LinkedInlinkedin.com/company/fic-s-p-a

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FIC