Italian Tanner Rino Mastrotto Acquires Tuscany Colleague Nuova OSBA

Rino mastrotto group, an Italian leather manufacturer controlled by NB Renaissance partners, an investment company of Neuberger Berman, has recently signed an agreement to acquire Nuova OSBA, a veteran Tanner from Florence.

Nuova OSBA was founded in fucecchio, Florence, in the 1970s, specializing in the production of high-end shoes and leather goods of high-quality calfskin and calfskin. Its customers cover the top brands in the fashion industry. Nuova OSBA's plant is able to complete the entire leather production process from tanning to finishing.

The acquisition will strengthen Rino mastrotto's fashion line, which is also active in the automotive and furniture industries.

Matteo mastrotto, CEO of the Rino mastrotto group, said he was confident and enthusiastic about the leather industry. "We firmly believe that in order to move forward in an increasingly complex market environment, we must have the ability to continuously invest, develop and attract top talent, and more and more enterprises in the leather industry are expected to merge," he said.

"The acquisition will help Nuova OSBA develop further in the luxury and high-end markets, thereby increasing its visibility and consolidating its market share," said Maila famiglietti, vice president of Nuova OSBA

Founded in the middle of last century, Rino mastrotto group is located in Vicenza province of Veneto region, with more than 850 employees. Its products are sold to 60 countries around the world. In 2019, the company's revenue reaches 310 million euro, and the export volume accounts for 60% of the sales volume. Since last year, the Rino mastrotto group has been controlled by NB Renaissance, while the mastrotto family still holds a minority stake. The company's shareholders also include NB Aurora, another investment fund owned by Neuberger Berman.