In the textile-fashion production chain, which is becoming increasingly strategic for brands (due to the difficulties in finding raw materials and the increases in energy and logistics costs), the phenomenon of specialized poles promoted by funds is strengthening and expanding. ‘investment.
Second operation in two years
Now it’s up to the yarns to be at the center of a project led by the Milanese fund Ethica Global Investments which, after having acquired 100% of Prato in 2020 Lanificio dell’Olivo specialized in fancy yarns for knitting, now secures the majority of the historic Piedmontese company Sesia Manufacture , active in classic and patterned yarns for knitting and knitting. The closing was signed yesterday, June 16th. The value of the transaction was not disclosed.
SMEs of excellence
Manifattura Sesia, founded in 1963 in Fara Novarese, in 2021 recovered its pre-Covid turnover levels, exceeding 18 million euros (+ 40%). The founding families, Baccalaro and Serra, will continue to be members and manage the company; in particular Eugenio Parravicini will keep the role of managing director and Chiara Serra will remain in the creative direction. The objective of the investment holding is to create a reference pole for quality Italian yarns. Manifattura Sesia and Lanificio dell’Olivo produce complementary yarns and, according to the investors, have “common values in terms of sustainability, innovation, quality and service”.
The goal of the fund
This year the forecast is that the yarn cluster will exceed 40 million in revenues “with significant economic results that in the years to come will benefit from greater economies of scale and scope”, states Ethica Global Investments. autonomy of individual companies, the creation of synergies and further acquisitions to strengthen positioning.
The voices of entrepreneurs
“We are satisfied because the project gives continuity and growth to the company within a very structured development plan”, adds Eugenio Parravicini, managing director of Manifattura Sesia. «Manifattura Sesia represents an important step in our strategy of creating a pole of quality Italian yarns – underlines Vittoria Varianini, president of Lanificio dell’Olivo -. The common values, the complementarity of the products and the geographical coverage will allow us to create synergies, for example in purchases, and to invest in strategic areas such as sustainability, innovation and customer service “. The combination of the two companies represents a positive boost also according to Fabio Campana, CEO of Lanificio dell’Olivo: «Together with Manifattura Sesia we feel much stronger and even more capable of facing the difficult challenges of today and the future».