Schulthess acquires majority stake in GMP from Italy

Swiss laundry equipment manufacturer Schulthess Maschinen AG has recently bought a majority holding in Italy-based GMP SRL – a leading manufacturer of ironing machines for flat linen in Europe. With this acquisition, the company has further expanded  its portfolio in order to strengthen its position as a washing technology expert in the international market.

GMP has initiated flatwork ironer innovation in Europe for the past 15 years. The company provided a wide range of ironing solutions to a global distributor network with well- established market positions in the commercial and industrial segments. The company’s previous owner will remain CEO and partner of the company, which has 23 employees in the Veneto region of Italy.

The Schulthess company states to aim at further expanding its finishing range with the GMP flatwork ironers. These products ideally complement their own professional range. Thus, trade and industry can benefit from a fully comprehensive offering – at a fair price and all from a single source. With its more than 500 employees, the company is strengthening its position through the acquisition of the Italian company and thus focusing on healthy growth. With a one-stop-shop strategy, the Swiss company aims to make sustainable, innovative laundry solutions available to a broad market.