Itema has announced recently that the company has signed an agreement for the taking over of Schoch group, a leading producer of weaving accessories, including reeds and other components, which is headquartered in Italy (Ranica, Bergamo Province) and in India.
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 machine components.
Following the acquisition of majority stakes in Lamiflex completed in 2017 and the recent agreement reached with PTMT (ex Panter), 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 remarkable reinforcement of Schoch commercial network. The operation formalities will be completed by the end of September.
