Santoni completes acquisition of Terrot knittingindustry.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from knittingindustry.com Daily Mail and Mail on Sunday newspapers.
Santoni Shanghai Knitting Machinery Co., Ltd., founded and wholly owned by Italy's Lonati family, today announced the strategic acquisition of Terrot GmbH, a leading manufacturer of circular knitting machines based in Chenmitz, Germany. The move comes as the latest development in Santoni Shanghai's long-term vision to build an ecosystem that aims to reshape and consolidate the circular knitting industry. The transaction will be finalized pending approval from Chinese regulatory authorities.