Itema : Agreement to take over of Schoch grou...
Itema

Agreement to take over of Schoch group

Schoch

The provider of advanced weaving solutions, Itema SpA, Colzate/Italy, has signed an agreement for the taking over of Schoch & C. Srl, Ranica/Italy.

With sites in Italy and in India, Schoch is a leading producer of weaving accessories, including reeds and other components.
The operation is part of the Galaxy project, the wider strategy of Itema launched in 2017 with the target to integrate, through strategic diversifications across the whole textile supply chain, key expertise and resources for the development of weaving machines components.
Following to the acquisition of majority stakes in Lamiflex SpA, Ponte Nossa/Italy, completed in 2017 and the recent agreement reached with PTMT srl (formerly Panter), Grandino/Italy, the agreement signed with Schoch group represents a further significant step for the synergic development of key weaving machine’s accessories as well as a reinforcement of Schoch commercial network.
The operation formalities will be completed by the end of September 2019.
Topics
Italy India

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