Lonati Group Acquires Sangiacomo

Lonati Group Acquires Sangiacomo
The Italy-based Lonati Group has acquired Sangiacomo S.p.A., an Italy-based producer of men’s, women’s and children’s hosiery machinery and seamless knitting machines. Sangiacomo will maintain its current business arrangement. Under its new ownership,Sangiacomo will continue to produce single-cylinder circular knitting machines and new machinery for seamless garments, with emphasis on sportswear, underwear, casual apparel and bathing suits.
Winter 2004