Tre Zeta Group continues in its intent of building a proprietary chain via acquisitions. The company headquartered in San Donato (Pisa) bought 100% of soles’ manufacturer Do.Gi, located in Civitella in Val di Chiana (Arezzo) from the Magnanensi family. Thos operation is the third completed by Tre Zeta Group, as the entity previously bought Stil Stampi in San Miniato (Pisa) and Suolificio Magonio in Montelupo Fiorentino (Florence).
Tre Zeta Group’s project
The objective of Tre Zeta Group is to build a reference group manufacturing components for the luxury footwear industry around the world. It wants to do via organic growth and through acquisitions. Last goal: extending the presence and control of the chain tied to sneakers’ soles and formal models. This project began at the end of 2021, after the entrance of Koinos Capital (fund). During the first 10 months of 2023, Tre Zeta recorded organic growth equal to +20% from a revenue standpoint.
100% of soles’ manufacturer Do.Gi
After Stil Stampi and Suolificio Magonio, another Tuscan entity became a part of Tre Zeta Group. Do.Gi is specialized in designing and manufacturing soles for elegant high-end shoes for women. Do.Gi closed 2022 with a revenue of 7.9 million euro, up 46% on yearly basis. The soles’ maker has 35 employees and manufactures 1.5 million pairs of soles each year. The Magnanensi family re-invested in Tre Zeta Group, thus maintaining its operational roles.
“With Do.Gi, we continue to give useful inputs to the execution of our industrial plan. Tis allows us to become a potential one-stop-shop for clients”. A player “capable of supplying a quality service in a number of areas and a full product portfolio for our clients”, commented Fabrizio Mecheri (in photo), CEO of Tre Zeta. The group is also “actively searching and evaluating other opportunities to grow”.
Acquiring to grow
According to Andrea Magnanensi, spokesperson for the founding family of Do.Gi, “thanks to this operation, we now have the opportunity to grow exponentially. All while contributing to the success of an ambitious industrial plant that, I am sure, will grow our potential on the market”.