Home / Knowledge / News / Textiles / German knitting machine firm Terrot takes over Pilotelli
German knitting machine firm Terrot takes over Pilotelli
19
May '14
Germany-based Terrot GmbH, a leader of circular knitting machine manufacturing, has taken over the operational business of the insolvent PILOTELLI Macchine Tessili S.r.l., based in Cazzago San Martino (Brescia) by signing the corresponding contract today at a notary in Milan with the receiver in insolvency Dott. Flavio Rada.
 
Terrot is currently a leading force in the production of electronically and mechanically controlled circular knitting machines worldwide, while the Italian builder Pilotelli is especially known for its expertise in single-jersey technology and well-established global reputation therefore with strong markets in Turkey and South America.
 
The acquisition has come about in order to meet Terrot’s growth strategy. At the same time it opens up new vistas for Pilotelli to recover its business from financial struggles in recent years. Terrot examined thoroughly the options and consequences which go along with this strategic step.
 
The production on the site in Cazzago San Martino will be continued. The Terrot group will be managed by its owners Mr. Peter Schüring and Mr. Andreas von Bismarck together with the management team from Terrot and selected people from former Pilotelli under the structure of the Terrot Italy S.r.l. Also the members from the Pilotelli family are part of the new organization in sales, technical advisory and administration.
 
Managing Director of Terrot Mr. Andreas von Bismarck expresses his optimism about strengthening the portfolio with Pilotelli’s machinery and technology. “We expect noticeable benefits for our international customers in sales as well as after sales services. Having good expertise in both companies, we will surely complement each other.”
 
Employees of Pilotelli welcome the engagement of Terrot and consider it a positive and consequent decision: “We are on common ground with a producer who is not less than equally experienced and motivated to invest in the future of textile machinery and innovative technology. Together we will be stronger.”
 

TERROT


Must ReadView All

Courtesy: Sympatex Technologies

Textiles | On 23rd Feb 2018

Sympatex, Ricosta jointly move towards sustainability

Sympatex Technologies is moving towards sustainability with its...

Courtesy: Business wire

Information Technology | On 23rd Feb 2018

CLO Virtual Fashion launches CLO 4.0 & new website

CLO Virtual Fashion, a leading developer of cutting-edge 3D garment...

Courtesy: Delta Galil

Apparel/Garments | On 23rd Feb 2018

Delta Galil 2017 sales up 16% to $1,368.1 million

Delta Galil sales for full year 2017 increased 16 per cent to...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search