Schoch is a leading producer of weaving accessories, including reeds and other components. © Schoch

Itema, a leading Italian manufacturer and part of Radici world of companies manufacturing advanced weaving solutions including weaving machines, spare parts and integrated services, has signed the agreement for the taking over of Schoch group.

Schoch, headquartered in Ranica, Italy, and in India, is a leading producer of weaving accessories, including reeds and other components. It has been founded by Alfredo Schoch in 1907. Key milestone for the company’s development has been the establishment of Schoch Reeds India in 2009.

This operation is part of the Galaxy project, the wider strategy of Itema, launched in 2017 with the goal to integrate, through strategic diversifications across the whole textiles supply chain, key expertise and resources for the development of weaving machines components.

“Following to the acquisition of majority stakes in Lamiflex completed in 2017 and the recent agreement reached with PTMT, formerly 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 company comments.

The operation formalities will be completed by the end of September.

Itema is a leading provider of advanced weaving solutions, including best-in-class weaving machines, spare parts and integrated services. The company is the only manufacturer in the world to provide the top three weft insertion technologies: rapier, air jet and projectile.

The company has two R&D units, of which one – ItemaLab – is dedicated entirely to breakthrough innovations. Part of Radici world of companies, the 60% of Itema is held by Gianni Radici’s family heirs and 40% by the Arizzi and Torri families.

www.itemagroup.com

Further reading

Itema acquires majority shares in Lamiflex