Groz-Beckert has taken over the Ferd. Schmetz Group effective January 2nd, 2017.
The Ferd. Schmetz Group is a long-established producer of industrial sewing machine needles, and has around 700 employees worldwide. The acquisition includes the production sites in Germany, Switzerland and India, as well as the global distribution network.
With this acquisition, the Groz-Beckert Group complements its existing range of products for the apparel industry. Ferd. Schmetz GmbH will remain as an independent company within the Groz-Beckert Group. The Schmetz brand and its product range will continue to be offered through existing distribution channels and partners.