Mentioned by NordestEconomia on June 23^rd, 2021

ARZIGNANO. Pai, a multinational private equity firm, is taking over Pasubio, a Vicenza-based group that is a leading producer of high-quality leather in the automotive interior sector.

In 2020, Pasubio closed its accounts with revenues at 265 million euros and with their EBITDA up to 65 million. The company’s CEO and founder, Luca Pretto, will reinvest in the Pasubio Group upon completion of the reorganization with Pai.

More than 80 percent of its sales are made abroad, as Pasubio supplies leather for the interiors of major luxury car brands, including Land Rover, Jaguar, Maserati, Lamborghini, as well as BMW, Volkswagen, FCA.

View the full announcement here: https://nordesteconomia.gelocal.it/imprese/2021/06/23/news/pasubio-la-conceria-che-veste-bmw-volkswagen-maserati-passa-a-pai-1.40421290

Mentioned by IndustriaVicentina on June 23^rd, 2021

Conceria Pasubio Spa announces the acquisition of HeWa Leder GmbH, a German company specializing in the production of leather for the premium luxury segment of the automotive and yachting industries.

The company is an exclusive supplier to Rolls Royce and Audi, as well as leading yachting companies. It employs more than 150 people and operates two plants in Germany.

“We are very pleased with this operation,” says Luca Pretto, CEO of Conceria Pasubio, “which offers us the opportunity to further strengthen our leadership in the most prestigious segment of the automotive leather market, adding Rolls Royce to our roster, and to consolidate our presence within the BMW Group, of which Rolls Royce is part.”

“Joining the Pasubio Group expands HEWA Leder’s strategic reach,” says Marcus Adelmann, son of the company’s founder. “In addition to bringing the experience and expertise it has developed over the years of its history, HEWA Leder will be able to count on Pasubio’s technological, commercial and management support to become an integral part of it and strengthen its absolute leadership in its target European market.”

Read the full article here: https://www.industriavicentina.it/imprese/conceria-pasubio-acquisisce-tedesca-hewa-leder-IV16460