Desired leather goods: BMB acquires 70% of Bergamini1960

Desired leather goods: BMB acquires 70% of Bergamini 1960

BMB Manifattura Borse, in Scandicci, acquired 70% of Pelletteria Bergamini1960. Which in turns owns Maromed 1992, business with a commercial office in San Lazzaro di Savena (Bologna) and the production site in Tunis (Tunisia). The operation was “in relevant part” by the emission of a 72-months corporate bond, but the precise sum wasn’t disclosed. The “entirety” of the bon was underwritten by Tuscan private capital company SICI. With this acquisition, which follows that of Trapuntificio Il Giglio (July 2021), BMB creates a district for the design and production of leather goods.

BMB acquires Bergamini 1960

BMB “continues its strengthening strategy for its industrial chain by acquiring 70% of Pelletteria Bergamini1960, specialized in the production of small leather goods”. In terms, Bergamini also owns 100% of Maromed 1992, which manufactures in Tunisia and that, as a consequence, also ends up in the hands of BMB. The agreement states that the Bergamini family will remain part of the company’s capital and that Bergamini 1960 will remain operationally autonomous. All while “shared management platforms and synergies are implemented to create value”. The operation’s closing is scheduled for March 31st.

Attacking the premium segment

BMB’s objective is to “widen the customer base to the premium segment” So, “to become an attractive option for all those nearshoring activities currently taking place on the international markets for the leather goods segment and similar semi-finished products”. To close the acquisition, the company led by Anton Magnani found a financial partner in SICI, Tuscany-based private capital entity, which underwrote the entire corporate bond (72 months) emitted by BMB. The deal brought BMB the necessary resources to close the negotiation.

Financial statements

Even with the loss of revenue due to the pandemic in 2020 – explained Magnani to Fashion Network –, the company closed the year with 22.6 million euro in revenue (against the 19.3 million of 2020) and an EBITDA of 1.3 million.

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