ISA TanTec sets foot in ItalyISA TanTec acquires the majority stake of the Italian tannery Scamosceria del Brenta and expands its international influence.
“Investing in Italy confirms the increasingly international role that ISA TanTec wants to play in the global landscape of the leather world”, Uwe Hutzler – CEO of the company founded and owned by one of the most important Asian private equity firms, the Management and Navis Capital Partners – highlights.
The tannery, famous for its attention to sustainability, whence the LITE – Low Impact To the Environment trademark, has recently acquired the majority stake of Scamosceria del Brenta s.r.l. (Scabrenta). An Italian tannery that represents a strong reality, thanks to a tradition of more than 75 years in tanning and even longer in leather trading. Over the years, the company, founded in 1941 and currently led by Angelo and Filippo Gerolimetto, has been able to win the trust of the most important fashion brands thanks to its innovation capacity.
For ISA TanTec, this acquisition is tactical from many points of view and has numerous advantages, among which that of being the owners of an important research and development centre, useful for developing novelties. More importantly, the chance to offer a broader choice of quality to the Asian market and solutions to its customers.