Mastrotto and Marzotto Join Forces in Textile Venture
Deal News | Jul 08, 2025 | Finance Community IT - 3 Private Equity
Rino Mastrotto and Gruppo Marzotto have announced the creation of a new company, Jacqart Trame d’Arredo, which will specialize in the production of high-quality jacquard textiles and velvets. This merger arises from the combination of Rino Mastrotto's Imatex23 and Gruppo Marzotto's Prosetex. Both companies bring decades of expertise; Imatex23, founded in 1960, is known for producing jacquard textiles for interior design, while Prosetex, established in 1964, creates high-end velvets and textiles for residential and hospitality sectors. The new entity will be headquartered in Bulciago, Lecco, Italy, and is designed to offer a comprehensive portfolio of products and bespoke services for the furniture industry. Deloitte and Studio Riccardi Salom Tedeschi served as advisers for Rino Mastrotto, whereas Gruppo Marzotto utilized internal resources. The merging allows optimization of raw material acquisition and expands the product range to include jacquard velvets. Leadership includes General Manager Giorgio Meda and CEO Massimo Maestroni. The deal is expected to close in the third quarter of 2025, subject to certain conditions. The merger demonstrates a strategic synergy between two major Italian industrial groups and aims to strengthen their footprint in the competitive textile market.
Sectors
- Textile Manufacturing
- Private Equity
Geography
- Italy – Both Rino Mastrotto and Gruppo Marzotto are Italian companies, and the new entity Jacqart Trame d’Arredo will be headquartered in Italy, emphasizing the Italian market and textile heritage.
Industry
- Textile Manufacturing – The primary focus of the article is the creation of Jacqart Trame d'Arredo, which is positioned in the textile industry, specifically jacquard fabrics and velvets.
- Private Equity – Renaissance Partners, a private equity firm, is indirectly mentioned in facilitating the creation of Jacqart Trame d'Arredo, indicating involvement in financial structuring and backing.
Financials
- 60% – Rino Mastrotto's ownership stake in the newly formed company, Jacqart Trame d’Arredo.
- 40% – Gruppo Marzotto's ownership stake in the newly formed company, Jacqart Trame d’Arredo.
- 10% – Minority stake acquired by Gruppo Prada in Rino Mastrotto.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Rino Mastrotto | Target company | Company | A leading Italian company specializing in high-end textiles, which will own 60% of the newly formed Jacqart. |
| Gruppo Marzotto | Target company | Company | Italian textile giant contributing Prosetex to the merger and holding a 40% stake in Jacqart. |
| Jacqart Trame d’Arredo | Resulting Entity | Company | The new company created from the merger of Rino Mastrotto's Imatex23 and Gruppo Marzotto's Prosetex, focusing on jacquard textiles and velvets. |
| Renaissance Partners | Private Equity Firm | Company | The private equity firm backing the creation of Jacqart Trame d'Arredo. |
| Deloitte | Legal Advisor | Company | Provided legal advice to Rino Mastrotto for the merger. |
| Studio Riccardi Salom Tedeschi | Financial & Tax Advisor | Company | Provided financial and tax advice to Rino Mastrotto for the merger. |