Itema Acquires Balance 20% Stake To Become Sole Owner Of Schoch & Co

Itema, a global leader in advanced weaving solutions, has completed its acquisition of Schoch & Co Srl, a longstanding supplier of textile machine components like reeds and drop wires. This final acquisition stage follows Itema’s 2019 purchase of an 80% stake, with the recent agreement granting Itema the remaining 20%, making it the sole owner of Schoch.

Founded in 1907 by Alfredo Schoch in Ranica, Bergamo, Schoch has a legacy of high-quality textile accessories. Originally from a Swiss family of reeds manufacturers, Alfredo Schoch established the business in Italy, continuing the family’s entrepreneurial tradition. Over the years, Schoch has invested in advanced manufacturing technology to ensure superior product performance.

After joining Itema Group in 2019, Schoch relocated its Italian operations to Itema’s headquarters in Colzate, benefiting from enhanced organizational support to meet diverse client demands. Alongside the Italian facility, Schoch operates a production site in India employing 100 people.

Ugo Ghilardi, CEO of Itema Group, remarked, “With this transaction, we complete the acquisition of Schoch & Co. Just as we did with Lamiflex in 2021, our aim is to integrate the human and industrial strengths of the group companies to drive product innovation and explore new markets.”