ITEMA has finalized agreements to acquire 61 per cent of shares in Lamiflex, a leading supplier of technical composite products, and a minority stake in NoeCha, provider of high-tech, wide-format printing solutions.

The acquisitions are part of a wider strategy of ITEMA and its shareholders, namely the Radici family with 60 per cent shares and the Arizzi e Torri families with the remaining 40 per cent. The aim is to accelerate continued expansion and secure long-term profitability of ITEMA by diversifying into complementary, high-growth markets through stakes in innovation-driven companies which offer significant economies of scale to fuel the joint development of each other’s’ core businesses.

Headquartered in Ponte Nossa, Bergamo province, Lamiflex specializes in composites materials, such as carbon, glass and Kevlar and offers a portfolio of innovative solutions and patented new products with exceptional versatility and adaptability for industrial applications, catering to industries as wide-ranging as weaving machinery, medical and aerospace, among others.

NoeCha, is a Bergamo based quickly scaling up young company which offers high-tech printing solutions, such as the revolutionary wide-format industrial UV-LED flatbed digital press, the NoeCha ONE, for photo-realistic, high impact graphics. NoeCha ensures excellent printability on different type and size of material up to 3.2x2meters at production speeds with a native 600 dpi x 600 dpi image resolution.

These acquisitions will lead to optimizing processes and improving product performances, as well as providing advantages derived from a shorter, more sustainable supply chain, lessening the environmental impact of the joint operations, in line with the principles of a circular, greener economy.