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Groz-Beckert purchases Ferd. Schmetz Group

Company News, Industry News, News | May 1, 2017 | By:

Groz-Beckert recently purchased the Ferd. Schmetz Group, based in Aachen, Germany. The Ferd. Schmetz Group is a long-established producer of industrial sewing machine needles and has an estimated 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. 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. Groz-Beckert has been a supplier to the sewing industry since 1980. The portfolio of sewing machine and shoe machine needles of Groz-Beckert covers approximately 5,000 different types.

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