Once again, acquisitions prove to be a cross-sectional dynamic in every segment of the supply chain, both upstream and downstream. The tanning technology sector also fits right into this trend. The latest case is that of Gemata (a leading supplier of industrial machinery for leather finishing), which has completed its acquisition of a majority stake in Costa, a company active in the development of specialised leather treatment plants for the automotive and upholstery industries.
Gemata takes majority stake in Costa
The operation was set up in the heart of the Vicenza province and, as stated in a note, “aims at increasing the value that the two companies already bring to the market, in terms of technological expertise and innovative solutions”. But also “of service and assistance in the sectors in which they operate, in particular the finishing and ennobling of leather and technical fabrics”.
Objectives and independence
Innovation, sustainability, optimisation of operating costs and after-sales service are just some of the objectives of the operation. Gemata and Costa, within a common strategic project, “will continue to operate in the market with their own brand, and each with their own products. But together they will be able to offer increased technical expertise to customers and of course more solutions for leather finishing”.
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