Contact us on +022 2419 3000 or indiantextilejournal.com.

Gruppo Florence Acquires Tuscany’s Antica Valserchio

Sep 13, 2021
Gruppo Florence Acquires Tuscany’s Antica Valserchio

Milan, Italy

Gruppo Florence has acquired Antica Valserchio, a Tuscany-based firm founded 70 years ago by the Bertolani family. It produces textiles for the accessories, ready-to-wear and upholstery sectors.

This marks the sixth acquisition for the group, established in October 2020 with the goal of developing a platform to supply high-quality Made in Italy products to major luxury fashion brands while safeguarding the technical and cultural know-how of small and medium-sized family-owned Italian companies.

As part of the agreement, the founding Bertolani family will have a 35 % stake in Gruppo Florence, together with the entrepreneurs that founded the other companies acquired by the group.

Gruppo Florence is controlled by private equity fund VAM Investments, Fondo Italiano d’Investimento and Italmobiliare. Gruppo operates Antica Valserchio, jersey specialist Manifatture Cesari, outerwear manufacturer Giuntini, Ciemmeci, a company specialized in the production of leather and fur pieces, knitwear firm Mely’s, as well as informal outerwear specialist Emmegi.

Francesco Trapani, Gruppo Florence president and chairman of VAM Investments, said that, their goal is to establish synergies and offer excellent services to international luxury brands. He added that, Antica Valserchio, with its 70-year history, will bring additional know-how to the conglomerate.

Alessandro Bertolani, chief executive officer of Antica Valserchio, touted the industrial synergies with other company’s part of Gruppo Florence’s portfolio. The family company counts around 90 employees working at two plants in Castelnuovo di Garfagnana, on the outskirts of Lucca, Italy.

Source: Yahoo Finance

Image Source: Google Images

Also Read:

https://indiantextilejournal.com/latest-textile-industry-news/bsl-ltd-to-double-its-sale-by-2025

https://indiantextilejournal.com/latest-textile-industry-news/kitex-receives-govt-nod-for-telangana-project-