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8th November 2017, Milan

Imprima diversifies portfolio with acquisition of SET

Thanks to this acquisition, Imprima becomes the first textile printing and finishing group in Europe.Imprima, a multinational group's holding company dedicated to textile finishing, has announced the acquisition of SET - Società Europa Tessile, an Italian company specialised in textile printing. Thanks to this operation, Imprima becomes the first textile printing and finishing group in Europe, with a 2017 forecasted sales revenue of around EUR 160 million.

SET is a company founded by Aldo Corvini in 1975, serving Italian and foreign customers for over 40 years. With its operational headquarters located in Fiano Romano, and its production centre in Lonate Pozzolo, the company offers printed, matchable items and assists its customers in the creation of original collections both for the fast fashion market and for the more conventional collections.

“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 sustainable processes developed by the company and the ambitious plans of geographical expansion,” said Marta and Daniele Corvini, who remain SET's leaders.

Diversifying creative offer

Imprima choose SET because of its strong willingness to diversify its creative offer and its customer portfolio, increasing not only the figures of the fast fashion market, but also those of the planned market, and at a geographical level.

The news follows the recent acquisition of Como-based printing converter B-Blossom and the previous ones of KBC (Germany's printing leader) and Guarisco, making Imprima the leading textile printing and finishing industrial group at a European level.

Improving the quality

“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 customers following the best standards required by the textile market's constant evolution, both within and outside of Europe,” said Valentina Franceschini and Gianluca Boni, respectively President and Executive Vice President of Imprima, who are now also CEOs.

“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.”

www.imprima.group

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