Schweiter Technologies To Strengthen SSM Textile Machinery

Horgen - SSM Textile Machinery will take over the activities of the Italian firm Giudici S.p.A. The purchase price is in the single-digit million range. The transaction should be concluded by the end of January 2012.

The Giudici company is the leader in false-twist texturizing technology, a system for processing ultra-fine nylon yarn and similar materials Giudici's yarn texturizing technology will augment SSM Textile Machinery's existing air- texturizing know how, securing the company's already strong position in the chemical fiber processing industry.

Giudici achieved sales of roughly CHF 10 million in 2010 with a staff of around forty employees. The company's registered office is located in Sala al Barro, Galbiate (LC).

SOURCE: Schweiter Technologies AG