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).
Schweiter Technologies is a traditional Swiss group focused on the machinery business and the recently acquired business unit focused on composites. The group currently consists of the three divisions „SSM Textile Machinery“, “Ismeca Semiconductor” and “3A Composites".
In the division Textile Machinery, SSM is the leader in yarn processing and precision winding, offering advanced winding systems for a wide application. With the acquisitions of Stähle-Eltex (Air Texturing) and Hacoba Spultechnik (sewing thread) in 1999 our efforts for a continuous development of new fields of business fitted into this strategy. All companies have a clear dominance in the market niches they cover.