Lonati Group Acquires Sangiacomo

The Italy-based Lonati Group has acquired Sangiacomo S.p.A., an Italy-based producer of men’s,
women’s and children’s hosiery machinery and seamless knitting machines.

Sangiacomo will maintain its current business arrangement. Under its new ownership,
Sangiacomo will continue to produce single-cylinder circular knitting machines and new machinery
for seamless garments, with emphasis on sportswear, underwear, casual apparel and bathing suits.

October 2004