A new financial deal has been involving again Italy’s leather-tanning industry. Both main players, engaged in the business transaction, come from Bassano Del Grappa. One of them is Zonta, a historic tannery working in Veneto’s manufacturing context; the other one is the Fietta family, well known for their notarial activity.
The press release
Just a very few words, crystal clear though, to tell about the acquisition deal: “Zonta tannery announces that, since 21th October 2019, has become property of the Fietta family, from Bassano Del Grappa. The new owner takes pride in driving forward the prestigious reputation of the company and strengthening its peculiar qualities, which made it a leading player in the leather industry, while rejoicing in new stability and passion”.
Zonta are a renowned tannery for their leather-tanning prominent quality. As one can read on Linkedin, they have been actively running since the mid-fifties. They manufacture, more specifically, “vitellino” leather, calf sides and chrome-tanned calf splits, serving footwear, leather goods and apparel. They did not make public any financial details about the buyout deal.
Picture taken from aacrack.co.uk