Transaction details
Manifattura Sesia
Ethica Global Investments acquires Manifattura Sesia
Ethica Global Investments has acquired the majority of Manifattura Sesia, Italian leader in the transformation of precious natural fibers into classic and fantasy yarns.
Manifattura Sesia, founded in 1963 with headquarters in Fara Novarese, designs and produces creative and exclusive yarns for knitwear and knitting under its own brand, selecting the best natural fibers both in the animal and vegetable world: very fine wool, alpacas with natural colors, mohair, silks, linens and cottons. The mission has always been one: 100% Made in Italy high quality, placing people, the territory and the environment at the center of one’s work. In the 13,000 square meter factory in Fara Novarese, equipped with state-of-the-art production and logistics facilities, tradition and innovation are combined with sustainable ethics to give life to the fashion of the future: the most rigorous traceability protocols for the entire supply chain have been adopted and the most stringent ecological standards, such as those established by STANDARD 100 by OEKO-TEX® and by the Chemical Management Protocol 4sustainabiility. Customers, about half of whom abroad, include several of the most prestigious brands on the world fashion scene, where, thanks to the uniqueness of the quality and service offered, Manifattura Sesia has been able to create consolidated “partnership” relationships.
The founding families, Baccalaro and Serra, in continuity with the current management, will continue to be an active part in the shareholding and top management of the company; in particular Eugenio Parravicini, will maintain the role of CEO and Chiara Serra will remain in the creative direction of the brand.
The acquisition of Sesia, which in 2021 recorded revenues of over 18 million, is added to the acquisition of Lanificio dell’Olivo in 2020 to create a reference center for quality Italian yarns. The two companies share a prestigious positioning in the world of yarn, a strong complementarity in terms of products and geographical coverage, and common values in terms of sustainability, innovation, quality and service. The aggregate of companies will probably exceed the € 40 million turnover threshold already in the current year, with significant economic results that will further benefit from greater economies of scale and scope in the years to come. The group’s development plan provides for the maintenance of the strategies of the individual companies, the creation of synergies and, in the future, further acquisitions to strengthen the positioning of the group.