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Itema acquires interest in NoeCha
May '17
Textile machinery giant Itema has signed an agreement to acquire an interest in NoeCha, having its legal office in Capriate (BG). NoeCha was founded in 2010 by Marco Baio, who, with 20 years’ experience in the printing business, was able to quickly develop and bring to market a variety of high-tech solutions for wide-format digital printing.

Since 2013, 035 Investimenti SpA has been a NoeCha shareholder, supporting the company’s growth by providing financial resources and management assistance.

The NoeCha transaction follows a similar agreement recently signed with Lamiflex and is yet another instance of the attention given by Itema shareholders (the Radici, Arizzi and Torri families) to both local entrepreneurial enterprises and related potential synergies, so as to be able to compete in the global market in a more structured way. The sales and technical service networks of the two companies can now be optimised, and action can be taken to improve supply chain efficiency.

During the upcoming months, other possible integration steps may be taken in the areas of corporate organisation and new product development.

“Today, Itema is a leading manufacturer in the textile machinery sector, a company recognised worldwide. Together with the Arizzi and Torri families, we put our local Bergamo communities first in our scale of values. We pride ourselves in staying here, where we were born, and teaming up with other local businesses in order to compete in the global market and become increasingly stronger and well structured,” said Angelo Radici, member of the Itema board of directors.

NoeCha boasts not only strong know-how and experience in the field, acquired during the past years, but also the added value of being part of a large group, which opens up new development opportunities on the international market, in particular. (SV)

Fibre2Fashion News Desk – India

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