A private equity firm has acquired three Italian businesses – Cadica, Tessilgraf and Bernini – that will form a combined trim and packaging supplier to the premium and luxury fashion industry.
The new group specialises in garment labels, tags and packaging supplies for premium and “ultra luxury” fashion brands.
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The three were acquired by HIG Capital, a private equity investment firm, which says its offering is of “increasing strategic importance for fashion houses keen to differentiate their image and products from those of competitors, ensure their authenticity, and improve customers’ shopping experience.”
It adds that the integration will generate significant synergies, enhancing the distinctive features of each company within the group and benefitting from their shared IT infrastructure, international logistics platform (with a presence in the USA, China, Hong Kong, India, Turkey, Romania and Tunisia), manufacturing know-how, and high-level expertise in design.
The new group will act as a platform for further acquisitions aimed at ultimately creating a leading international provider of components for clothing brands, including buttons, zippers, metal decorations, ribbons, labels and packaging.
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By GlobalData
