Germany-based Terrot, a leader of circular knitting machine manufacturing, has taken over the insolvent Pilotelli Macchine Tessili. Terrot is a leading force in the production of electronically and mechanically controlled circular knitting machines worldwide. Terrot makes single and double, plain and jacquard circular jersey knitting machinery.
Italian builder Pilotelli, which opened in 1983, is especially known for its expertise in single-jersey technology and well-established global reputation with strong markets in Turkey and South America. Pilotelli covers both single jersey and double jersey circular knitting machines. It delivers approximately 1,200 machines every year globally for producing knitted fabrics, thus addressing a variety of applications as per the need of the end user. The cylinder is the heart of a circular knitting machine. With this reality, Pilotelli Machine decided in 2004 to start its own production of cylinders for the machines.
The acquisition has come about in order to meet Terrot’s growth strategy. At the same time it opens up new vistas for Pilotelli to recover its business from financial struggles in recent years.
