A new chapter begins for Cadicagroup
A new chapter begins for Cadica Group Spa that on April 30th 2019 sees H.I.G. Europe entering as investor.
The operation also involves Tessilgraf Corporation Srl and Bernini Srl, historic companies in the sector that are going to strengthen the pole led by Cadica Group and together they create one of the major global players in accessories and services in the fashion market.
The partnership will activate important synergistic areas and will allow to enhance the distinctive qualities of each company within the Group with an international logistics distribution (presence in USA, China, Hong Kong, India, Turkey, Romania and Tunisia), production know-how and high experience and design expertise.
The new Group will constitute the initial platform on which an ambitious path of further acquisitions will be activated, aimed at creating the international reference provider of all accessories for premium clothing (labels, tags, ribbons, leather accessories, embroidery, packaging, buttons, zipper, metal decorations etc.).
Andrea Carnevali, President and founder of Cadica Group, said: “The partnership with the international fund H.I.G. Europe represents a key moment in the history of the Cadica company, of the new group and of the market itself. The combination of the different skills of the companies belonging to the Group will make possible to expand and improve the service offered to our customers, both in terms of creativity, production and logistical support. This collaboration project represents a virtuous example for all the fashion industry through which we will be able to maximize the elements of excellence and synergy“.
Read about the press releases:
CORRIERE D I BOLOGNA
IL SOLE 24 ORE