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February 19, 2018updated 12 Apr 2021 2:24pm

Imprima strengthens US position with acquisition

Italian textile printing and finishing firm Imprima has strengthened its operations in the US through the acquisition of City Prints and its twin company Premier Fabrics.

Italian textile printing and finishing firm Imprima has strengthened its operations in the US through the acquisition of City Prints and its twin company Premier Fabrics.

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The acquisition, for an undisclosed sum, is the fifth strategic deal finalised by Imprima, a company controlled by Wise SGR through the Italian private equity fund Wisequity.

Both City Prints and Premier Fabrics are American companies specialised in printed textiles. Founded in 1997 and headquartered in New York and Los Angeles, respectively, the companies are specialised in textile printing for the programmed collection market.

They supply printed fabrics, based on proprietary design, to major US retailers such as Walmart, Target and Macy’s, to fashion brands such as Ralph Lauren, Calvin Klein and Tommy Hilfiger, and to online retailers such as Amazon.

The companies serve retailers and brands through leading private label intermediaries, currently sourcing prints and garments mainly from China. As in the case of the previous acquisitions, the brothers Jason and Ryan Borg, co-founders of City Prints and Premier Fabrics, will maintain a leadership role in the management of the companies and become shareholders of Imprima.

“Our entry into the Imprima group is an excellent opportunity to consolidate and increase our commercial positioning in the market, through the introduction of Imprima Group’s brands in the US market and the opening of a digital production facility within the US territory, relying on the technology know-how in digital printing and the financial support that Imprima provides,” says Jason and Ryan Borg.

Imprima president Valentina Franceschini, and EVP Gianluca Boni, add: “With this acquisition, Imprima deals with the US market with the goal of becoming the first textile converter with full digital printing capability in this local market. The current deep crisis of American apparel retailers is pushing the industry to reshape its current supply chain strategy, mainly based on sourcing from Far East, towards a European-like fast fashion model. Imprima, through City Prints and Premier Fabrics, will allow local retailers to leverage the ‘Made in USA’ banner to deliver a great creative experience through a local, reliable partner.”

The acquisition of the US companies follows the recent purchase by Imprima of the Italian print converters SET, Guarisco and B-Blossom and of the German print converter KBC.

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What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

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