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Lonati Group Acquires Sangiacomo

The Italy-based Lonati Group has acquired Sangiacomo S.p.A., also based in Italy. The producer of men's, women's and children's hosiery machinery, as well as seamless knitting machines, will maintain its current business arrangement.

Under its new ownership, Sangiacomo will produce single-cylinder circular knitting machines and new machinery for seamless garments, with emphasis on sportswear, underwear, casual apparel and bathing suits.

July 2004