Rino Mastrotto completed the acquisition of a 60% majority stake in Mapel Group.

Rino Mastrotto, an Italian producer and seller of leather, completed the acquisition of a 60% majority stake in Mapel Group, a company specializing in the production of ribbons, jacquards, ropes and shoulder straps for fashion. Financial terms were not disclosed. "Rino Mastrotto is a partner in the world of luxury, from high fashion to high-end furniture to the best-known automakers, and every step we take aims to strengthen this positioning. In the last 4 years we have welcomed 6 industrial excellences into our group, key partners in the world of luxury. The operation with Mapel Group adds an important piece to our proposal of products and services for high fashion and our customers will be able to find in Rino Mastrotto an increasingly complete and sophisticated proposal, from leathers to fabrics and, starting today, to ribbons, components and inserts," Matteo Mastrotto, Rino Mastrotto CEO.