Pasubio expands luxury platform UNICA with the acquisition of Luilor SpA

Pasubio S.p.A., a leading specialised provider of premium leather for the automotive and luxury sectors, is pleased to announce a further strategic step in the development of UNICA, its platform serving the luxury industry, with the acquisition of 100% of Luilor S.p.A., a leading Italian manufacturer of high-end textiles for luxury furniture brands and fashion houses.

As part of the transaction, the Biagioni family – founders of Luilor – will become shareholders in the group’s holding company alongside PAI Partners, the Pretto family and the founders of Antiba and SKIN (Paolo Balducci, Daniele Salassa and Arrigo Calorini), further reinforcing the entrepreneurial and industrial DNA of the platform and aligning all stakeholders around a shared long-term vision.

With this transaction, Pasubio further broadens its capabilities and strengthens its positioning as a diversified partner to global luxury brands across multiple end-markets, including automotive, fashion and interior design.

Luilor adds complementary and distinctive expertise in premium textiles to the Group – particularly in jacquard and high-value creative and technical fabrics, developed over time by the Biagioni family – enhancing Pasubio’s ability to offer a more comprehensive range of materials to its clients.

This reinforces UNICA as a unique industrial platform, designed to offer the luxury sector an integrated system of high-end materials and solutions, leveraging Italian manufacturing excellence and know-how.

The Biagioni family, together with Luilor’s management team, will continue to lead the company and will join the management committee of UNICA, contributing to the development of the platform’s industrial strategy, with a particular focus on innovation, sustainability, material traceability and time-to-market.

Luca Pretto, CEO of Pasubio, said: “We are delighted to welcome Luilor and the Biagioni family to Pasubio. This transaction marks an important milestone in our ambition to build a global platform of excellence in high-end materials for the luxury sector. By combining Pasubio’s longstanding expertise in leather with Luilor’s distinctive capabilities in textiles, we further strengthen our ability to support our clients across a wider range of applications and end markets, while helping to shape the industry’s evolution and set new standards in quality, innovation and service. A heartfelt thanks to the Pasubio team for their commitment and dedication in managing and executing this transaction.”

Pasubio was assisted by District Advisory and Ethica Group, with legal support from Latham & Watkins on corporate, regulatory and finance matters. EY-Parthenon handled financial aspects, Impacta Strategy assisted on commercial due diligence, STS Deloitte handled tax due diligence and Facchini Rossi Michelutti provided tax and structuring advice.

Luilor was assisted by Xpertia Stp, with legal support from Legance on corporate, regulatory and finance matters and Studio Lastrucci provided tax advice.

About Pasubio
Headquartered in Arzignano (Vicenza, Italy), Pasubio is a leading European platform providing premium leather to the luxury sector in all its forms. With more than 60 years of experience, the Group combines artisanal excellence with advanced industrial processes to deliver high-quality leather across a broad range of applications, including automotive, bags, shoes, accessories, apparel, and home interiors. As a “Real Economy” company, Pasubio is deeply rooted in manufacturing and craftsmanship, with a strong focus on quality and operational excellence.

Following the creation of UNICA in 2025, through the strategic acquisitions of SKIN S.r.l. and Conceria Antiba S.p.A., Pasubio has established itself as a uniquely Italian champion, building an integrated industrial and commercial platform that serves major Original Equipment Manufacturers (“OEMs”) and leading luxury fashion houses through a tailored customer approach, deep know-how, and a highly efficient production footprint.

Pasubio operates twelve facilities where it performs tanning, post-tanning, and cutting activities, ensuring the highest standard of production efficiency. The company’s core market is Europe, with a significant presence in North America, Asia, and Africa.

Antiba and SKIN Acquisitions Establish Luxury Platform at Pasubio Group

Pasubio S.p.A., a leading specialised provider of premium leather for the automotive industry, is pleased to announce the creation of the UNICA S.p.A. platform (“UNICA”) following the recent acquisitions of Conceria Antiba S.p.A. from brothers Paolo and Graziano Balducci and SKIN S.r.l. from Daniele Salassa and Arrigo Calorini. The founders of Antiba and SKIN have become shareholders in the group’s holding company, alongside PAI Partners and the Pretto family, and will invest significant financial and human resources into UNICA.

In establishing UNICA, Pasubio aims to create a uniquely Italian champion in terms of offering and positioning: an industrial and commercial excellence platform designed to serve the luxury sector in all its forms, providing Italian artisanal craftsmanship across automotive, bags, shoes, accessories, apparel and home interiors.

With its expertise in the creation of customised and bespoke products, Pasubio currently produces over 1,600 SKUs, meeting the specific needs of its long-standing partners (such as Rolls-Royce, Bentley, Lamborghini, Porsche, Range Rover and BMW) with precision and quality. Antiba has deep heritage in the production of calf and goat leathers in the luxury sector. SKIN is a key provider of commercial services and product scouting in the fashion world, thanks to established relationships with all major international fashion brands.

UNICA will offer a comprehensive range of premium services and materials, including high-quality leathers, refined fabrics such as jacquard, denim and silk, and innovative materials such as bio-based polyurethane. The group culture of quality, savoir-faire and craftsmanship will be codified and protected through the introduction of cutting-edge AI-powered solutions, ensuring long-term quality and Italian excellence for all partnership brands.

Luca Pretto, CEO of Pasubio, said: “We’re delighted to launch UNICA and to welcome Antiba and SKIN to this new platform for the luxury sector. I am confident that with our diverse and combined skill-sets, longstanding partnerships and commitment to excellence, UNICA will be well positioned to serve as a one-stop-shop of premium services and materials. I look forward to working with the group and to further building on this platform over the coming months.”

UNICA will be managed through divisions and specific management teams for each vertical, with the former entrepreneur-founders playing a fundamental guiding role within the group and overseeing their clients, in continuity with their past work. A management committee actively involving the founders will aim to enhance the overall efficiency of the group, with a particular focus on sustainability and material traceability, along with reduced development and lead times.

Pasubio was assisted by District Advisory, with legal support from Latham & Watkins on corporate, regulatory and finance matters. EY-Parthenon handled financial and commercial due diligence, STS Deloitte handled tax due diligence and FRM provided tax and structuring advice. Banor Sim (through its Family Office department), Bank of America, CACIB, Intesa Sanpaolo, and JP Morgan provided financing for the transaction. All buyside advisers were coordinated by Group CFO Cristian Filocamo and Group COO Stefano Gelsomini.

 

About Pasubio

Pasubio is the leading European provider of premium leather for the luxury and premium segments of the automotive industry. Combining artisanal excellence with advanced industrial processes, Pasubio offers a diverse product portfolio, including finished leather for seats, dashboards, steering wheels and other upholstery applications. In 2023, Pasubio acquired Innova, thereby incorporating polyurethane (PU) in its product portfolio. The Group is also implementing a vertical integration project aimed at expanding its offering into the sewing segment, in order to provide ready-to-install interior linings. Pasubio’s core market is Europe, and the Group maintains a significant presence in North America, Asia and Africa. Pasubio revenues were €328 million in 2024, with an EBITDA margin above 20%.

Pasubio Group is proud to present its fourth Sustainability Report

Pasubio Group is proud to present its fourth Sustainability Report for 2023, renewing his commitment to People, Environment and Animal Welfare.

Crafted according with GRI Standards, Pasubio Group Sustainability Report 2023 highlights the latest achievements , driving leather through a sustainable journey that integrates sustainability principles into every area of our business.

Discover the full report and our initiatives visiting:
https://lnkd.in/eD_vxcTc

Pasubio Leather Reports 5% Growth Despite Market Challenges with €88M Revenue in Q1 2024

Pasubio Leather, a Vicenza-based tanning group specializing in automotive leather, has shown remarkable resilience despite a challenging market. The first quarter of 2024 saw a 6.38% decrease in year-on-year turnover. However, compared to the November-January 2023 period, the company experienced a 5% growth, highlighting its adaptability in the European luxury segment.

Pasubio Leather reported net sales of 88 million euros for Q1 2024, down from 94 million euros in the same period of 2023. The last twelve months (LTM) balance was 346 million euros, a slight 2% decrease from the previous year.

The company’s revenue is primarily from the automotive sector (92%), with

  • 65% from seats,
  • 23% from interiors, and
  • 4% from steering wheels.
  • The remaining 8% comes from other uses, mainly furniture.

European customers make up 89% of their clientele.

Pasubio Leather’s Q1 2024 results demonstrate its strong strategy and resilience. Despite a year-on-year decline, the 5% growth from the end of 2023 shows the company’s strength in the automotive sector and its ability to navigate market challenges.

The news is taken from the original creator – laconceria.it

IncontraLavoro Pasubio: selections now open in the Vicenza area for profiles.

Posted by ClicLavoroVeneto.it on Novembesr 9th, 2023

Selections are now open to participate in IncontraLavoro Pasubio, the recruiting initiative promoted by the Veneto Region and Veneto Lavoro, organized by the Arzignano (VI) Job Center to select different profiles in the production and office fields to be placed in Pasubio Spa, the leading company specialized in leather processing and the production of upholstered interiors for luxury cars.

Read more here: https://www.cliclavoroveneto.it/-/incontralavoro-pasubio-arzignano

The Tanning Industry Thrives: Pasubio classified as 2nd Fastest Growing Leather Company

Written by PambiancoNews on September 20th, 2023

The reality of tanneries continues to thrive, according to the latest study conducted by Pambianco new in 2022. For the 102nd edition of Lineapelle, the outcome resulted in a turnover increase for Italian tanneries, particularly the ones segmented in the luxury market. The analysis found positive results and, in some cases, even better than pre-pandemic levels due to an increase of demand in the premium market.

Conceria Pasubio, leather manufacturer for the automotive interior sector, was classified in the 2nd place. In 2019, the group held a 10,9% market share for premium interior leather on a global scale, before the acquisition of HeWa, with a 350-million-euro turnover, showing a 9% increase compared to its results in 2021. The group’s balance sheet indicates, regardless of the current economic situation, a general 8,7% increase, while the luxury business & premium market demand rose of 9,0% and 25,1% respectively.

Read the original article here: https://www.pambianconews.com/2023/09/20/la-concia-italiana-guarda-ancora-verso-il-pre-covid-ma-ce-chi-ha-brillato-nel-2022-384598/

Bentley debuts with Pasubio’s Olive Tan leather

Published by Fassina on August 15th, 2023

On the occasion of Monterey Car Week in California, Bentley selected Conceria Pasubio’s Olive Tan Leather, an exclusive type of completely organic leather car interiors.

What characterizes this product is its sustainable tanning process, developed using organic bypass from the olive oil industry. Obtained from the reworking of residues from olive extractions, this tanning agent is free from metals, minerals and harmful aldehydes, also requiring less water in comparison to conventional tanning methods.

This entire process does not compromise the quality of the material: the leather remains incredibly soft, perfect to be showcased to the demanding clientele of the most desired automotive luxury brand.

See the entire article here: https://www.fassina.it/news-bentley-debutta-in-california-la-pelle-bio-olive-tan/