IMPRIMA S.p.A., a multinational group’s holding company entirely dedicated to textile finishing, announces the acquisition of SET, the Italian company specialized in textile printing. Thanks to this operation IMPRIMA becomes the largest textile printing and finishing group in Europe, with a 2017 forecasted sales revenue of around 160 million euros.
“The future-driven vision and the push towards innovation lay at the core of the company, that’s why we are happy to pursue our evolution alongside IMPRIMA. This union will lead us to face new challenges thanks to the technologies, the substainable processes developped by the company and the ambitious plans of geographical expansion,” said Marta and Daniele Corvini, who remain SET’s leaders.
At the base of the choice to let SET enter the group is IMPRIMA’s strong willingness to diversify its creative offer and its costumer portfolio, increasing not only the figures of the fast fashion market but also those of the planned market, also at a geographical level. “Our goal is to keep and improve the quality and the different creative and commercial identities of each brand, helping each company to serve its costumers following the best standards required by the textile market’s constant evolution, both within and outside of Europe. Thanks to the investments made in technologies and human resources, and also to the industrial synergies and the future foreign investments, we are confident we’ll be able to strengthen this position and become a beacon for the textile market at a global level,” said Valentina Franceschini and Gianluca Boni, President and executive Vice President of IMPRIMA who are now also Chief Executive Officers.