Rino Mastrotto Group buys Nuova Osba. The operation allows RMG, already leader in the supply of leather for the automotive segment, furniture and fashion, to further enrich its offering with the calf and half leather that Nuova Osba makes for footwear and leather goods. The two companies already confirmed they reached a final agreement during yesterday’s afternoon, June 30th, 2020.
Rino Mastrotto Group buys Nuova Osba
“The acquisition of di Nuova Osba is a sign of faith for a company that is a symbol of craftsmanship and of made-in-Italy – commented Matteo Mastrotto, CEO and Fashion Director of RMG -. This operation will allow us to enrich our offering for the footwear and leather goods’ segments, in line with what Rino Mastrotto Group’s main clients have asked for.
Nuova Osba is a very well-known brand on the marketplace. We think it has the potential to grow significantly by becoming a part of a group like ours.
We are also sure that, in order to navigate the ever-more complicated market conditions of today, it’s important to be able to sustain a rate of continuous investments focused on research and talent acquisition.
Due to these aspects, our sector is destined to evaluate an increasing number of this sort of operations in order to consolidate experiences and competencies”.
Reason to be positive
“We are pleased to become a part of Rino Mastrotto Group and are certain that this operation is a good “omen” for all – adds Maila Famiglietti, vice-president of Nuova Osba -. This agreement will support our brand in growing even more in the luxury and high-end market. Additionally, we will be able to increment our visibility and consolidate our market share. In a situation like this, during which the market is so peculiar, this operation is a clear positive sign for our sector.
The synergies will allow us to offer a wider variety of products and provide excellent service to our clients. We are happy to have found such an important partner that shares our core principles such as the focus on human resources and the assurance of high-quality standards”.
Rino Mastrotto Group is headquartered in Trissino, Vicenza. The company, partially owned by PE fund NB Reinassance, employs over 850 people and had a revenue of 310 million euro in 2019 (it was 250 in 2015). Deloitte assisted with the deal (as legal, accounting and fiscal advisor), along with ERM (environmental advisor) and Studio Dami (financial advisor).
Nuova Osba is an historic tannery in the Santa Croce district that was founded in the 1970s.
It is specialized in full grain classic leathers, natural, smooth or with grainy leathers, pure-aniline leathers and brush-off) for high-end fashion brands. The atter was advised by Studio Celano (legal advisor) and Studio Nacci (accounting and fiscal advisor).
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