#Weaving

2024-11-07

Itema completes the acquisition of Schoch & Co Srl

Itema, leading global provider of advanced weaving solutions, has completed the acquisition of Schoch, historic company active in the production and supply of accessories for textile machines, such as reeds, drop wires and other components. The operation completes the integration process already started in 2019 with the acquisition of 80% of the company's shares and, following the agreement reached with the heirs of the founding family, Itema acquires the remaining 20% and becomes the sole shareholder of the Italian subsidiary Schoch & Co Srl.

itema booth at ITMA 2023 © 2024 TexData International

Schoch has been founded by Alfredo Schoch in 1907 in Ranica, Bergamo Province, and since then manufactures high quality accessories for the textile industry. Son of a Swiss reeds manufacturer, Alfredo Schoch sets up his business in Italy and carries on the family’s entrepreneurial vocation.

Over the years, Schoch installs in its plants the most advanced manufacturing technologies to constantly ensure its products renowned superior performances.

In 2019, with the entry into Itema Group, Schoch moved the Italian site from Ranica to Colzate, at the Itema headquarters and could count on a solid and well-structured organization, dedicated to satisfying even the most demanding customers' requests. In addition to the Italian plant, Schoch also has a production site in India with 100 employees.

Ugo Ghilardi, CEO of Itema Group, commented: “With this transaction, we completed the acquisition process of Schoch & Co. As done in 2021 with Lamiflex, Itema aims to integrate the human and industrial capital of the Group’s companies with the ultimate goal of maximizing collaboration and results, both in terms of product development and new markets.”

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