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Acquisition of Giudici completed

Horgen, January 31, 2012 – SSM Textile Machinery’s acquisition of the activities of Giudici, announced on December 23, 2011, was closed as of January 31, 2012.

The Giudici company is the leader in false-twist texturizing technology, a system for processing ultra-fine nylon yarn and similar materials. Giudici’s yarn texturizing technology will augment SSM Textile Machinery’s existing air texturizing know-how, securing the company’s already strong position in the chemical fiber processing industry.