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

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