Textile machinery supplier Itema SpA is to acquire 61% of the shares in Lamiflex SpA, which provides composite materials and products for textile machinery, medical, airspace and other industrial applications.

The move is part of a wider strategy developed by Itema’s shareholders, the company said.

’With over forty years’ experience in the sector, a €25 million turnover in 2016 and continuous growth that solidly placed us among the leaders in the composites materials business, we are convinced that being part of the Itema–Radici of companies will greatly increase our opportunities to better compete globally by teaming up and building on our achievements so far,’ said Luigina Bernini, President of Lamiflex.

This story is reprinted from material from Itemawith editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.