Itema becomes a shareholder of NoeCha
| Subj: Press-releses
The textile machinery group, led by the Radici, Arizzi and Torri families, continues to expand globally starting from local businesses. Textile machinery giant Itema SpA has just signed an agreement to acquire an interest in the young company NoeCha Srl, having its legal office in Capriate (BG). The latter firm was founded in 2010 by Marco Baio, who, with twenty 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.
noechaThe 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 today’s global market in a more structured way. Indeed, starting immediately, the sales and technical service networks of the two companies can be optimized, 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 organization and new product development.
“Today, Itema is a leading manufacturer in the textile machinery sector, a company recognized worldwide,” said Angelo Radici, member of the Itema Board of Directors. “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.”
Now, on the eve of FESPA 2017 – the largest international wide format digital and textile printing event, to be held in Hamburg, Germany, from 8 to 12 May –, 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.