Rino Mastrotto goes shopping in Lombardy: the Italian company active in the production and sale of leather, fabrics and high value-added services for high fashion, automotive and interior design continues its path of diversification thanks toacquisition of Imatex, a historic Lombard company recognized worldwide for its jacquard fabrics for high-end furnishings. This was announced in a note from the group controlled by N.B. Renaissance, one of the largest private equity funds operating in Italy. The financial details of the agreement were not disclosed, but “Jacopo and Camilla Mazzola, part of the founding family, will retain a minority stake.”
The operation, which will be completed within the year, allows Rino Mastrotto "to expand its offer in interior design" thanks also to the acquisitions of recent years (Nuova Osba, Tessitura Oreste Mariani, Carroll Leather and Morelab).
Comments
“The investment in Imatex allows us to continue with the diversification path started with the entry of NB Renaissance. Thanks to Imatex we are expanding our offer in the interior design sector”, he commented Matteo Mastrotto, CEO of Rino Mastrotto, adding: “We are certain that this new collaboration will prove far-sighted and strategic for the development of the company and in the interests of all our customers. In the last three years we have invested more than 50 million euros to finance organic and inorganic growth projects, such as cutting centers, ready-delivery warehouses and companies specialized in high-value-added processes such as printing and decorations: this is a further step in the right direction."
Jacopo e Camilla Mazzola they declared: “We are pleased to join Rino Mastrotto and to have the support of such an important partner to support the company in its growth path. Synergies and virtuous dynamics will certainly be created, allowing the company to strengthen its positioning in the production of fabrics for the world of interior design."
