Cadica Group announces the 100% acquisition of Estro Srl
Cadica Group – the company specialized in the supply of accessories such as labels, hangtags and packaging for the main clothing brands and leader in the premium and absolute luxury segments, announces the 100% acquisition of Estro Srl, a company dedicated to the design and development of labeling for important world fashion brands.
Estro is based in Milan and is active for over 30 years. It is an historic company of the sector with an internal team of young creatives, oriented to analyze and develop new techniques and materials with the aim to offer ever more varied and sustainable products.
The acquisition will allow Estro to access to Cadica distribution platform; the combination of the two companies’ skills will strengthen the competitive offer and an increasingly international presence.
For Cadicagroup it is the third integration after those of Tessilgraf and Bernini, two other historic companies in the sector, both acquired in April in conjunction with the entry of the international fund H.I.G. Capital into Cadicagroup capital.
Andrea Carnevali, President and founder of Cadica Group, said “We are pleased to be able to continue our growth together with Estro, one of the Italian excellences in the fashion brand sector with particular attention to product sustainability and with a development strategy that aims to acquire an European leadership”.
Maurizio Marangoni, Estro Partner and Administrator commented: “I think that the partnership with the Cadicagroup can mark an important moment to accelerate the Estro internationally development, giving us the opportunity to offer an ever wider choice to our customers “.