Newsline-International | March 2017
Groz-Beckert acquires Schmetz
Effective January 2, 2017 Groz-Beckert has taken over the Ferd. Schmetz Group. 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 clothing industry. The Ferd Schmetz GmbH will be continued as an independent company within the Groz-Beckert Group. The Schmetz brand and its product range will be offered through the existing distribution channels and partners without change.
The company Schmetz was already founded in 1851. The brand Schmetz stands for the manufacturing of high-quality sewing machine needles and is established for designers, quality managers and producers as well as fashion ateliers and hobby sewers around the globe.