ISA TanTec Acquires a Major Stake in an Italian Tannery
ISA TanTec is pleased to announce the acquisition of a major stake in Scamosceria del Brenta Srl (Scabrenta), an Italian tannery with a tradition of more than 75 years in tanning and even longer in leather trading.
Since 1941, Scabrenta has developed unique capabilities that allow them to focus on specialized leather solutions for leading consumer brands around the world. Under the terms of agreement, Angelo and Filippo Gerolimetto, the senior leadership of the firm, have invested into ISA TanTec while other shareholders sold a majority stake of Scabrenta to ISA TanTec.
Scabrenta, using its proprietary technology and deep knowledge of Italian leather making, will be an important R&D hub for various kinds of leather solutions within the ISA group. Importantly, ISA will be able to deliver Italian developed leather to the Asian market, broadening the range and quality of solutions for its customers.
“We are convinced that the investment into Scabrenta is another milestone in continuing to develop ISA TanTec into a global player in the tanning industry, now also covering Italy, the hub of fashion and leather making.” said Uwe Hutzler, CEO ISA TanTec.
ISA TanTec, the eco-friendly leather manufacturer, known for its LITE (Low Impact To the Environment) Trademark, is owned by its founder, Management and Navis Capital Partners, one of the largest Private Equity Firms in Asia.
Tel. no. (Macau): +853-6283-2473
Tel. no. (China): +86-138-2707-3388
Tel. no. (Hong Kong):+852-9607-0930
Fax no.: +853-2835-6319
Marketing and Public Relations Manager
Tel. no. (Macau): +853-6263-0008
Tel. no. (China): +86-138-2802-9335
Fax no.: +853-2835-6319
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Skrive dig op her og du vil løbende modtage pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Business Wire
CHINA-HI-TECH-FAIR18.11.2017 10:13 | pressemeddelelse
Much-Anticipated CHTF 2017 Top 10 Products Are Unveiled
NY-MADISON-REALTY17.11.2017 17:22 | pressemeddelelse
Madison Realty Capital Provides $64.0 Million Construction Financing for 200 Kent Avenue Development in Williamsburg, Brooklyn
NCARDIA17.11.2017 13:33 | pressemeddelelse
Ncardia Announces Completion of €10.5M Investment Round
VOCALINK17.11.2017 10:37 | pressemeddelelse
Double Win for Vocalink at the 2017 Payments Awards
ENVION-AG17.11.2017 10:02 | pressemeddelelse
Envion AG: Start-up from the Heart of Berlin Has Pioneered Decentralized Mobile Mining by Combining Blockchain with Regenerative Energy
CHUGAI-PHARMACEUTICAL17.11.2017 00:32 | pressemeddelelse
Chugai's HEMLIBRA® Receives the World's First Regulatory Approval from FDA for Hemophilia A with Inhibitors
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum