MTWH is strengthened with the acquisition of the Metalstudio Group
MTWH has completed the acquisition of the Metalstudio Group of Scandicci (Florence). With this operation, the manufacturer of accessories for luxury brands doubles its business volume and adds skills and know-how to its integrated platform serving the most important high fashion brands. Egidio Salvini, owner and founder of Metalstudio, also takes on the role of president of MTWH, "in full managerial continuity - explains a note - and in order to make his experience and entrepreneurial ability in the sector available to the entire Group".
«Becoming part of a group of excellence like MTWH that shares these important principles and carries them forward with dynamism and seriousness will allow us to satisfy and improve 360-degree attention towards our customers» is the comment of Egidio Salvini. Over 300 figures specialized in metal finishing operate within the Metalstudio Group. The Scandicci company has been a partner of the most important global fashion brands for 50 years and has achieved significant growth in the last period, exceeding 80 million euros in revenues in 2022.
Thanks to this acquisition Mtwh, from June 2022 a portfolio company of the Dbag VIII fund which brings together the companies Metalworks (Bergamo), Mengoni and Nassini and Fgf (Florence) and Fixo (Padua), makes an important leap in size both in terms of turnover and doubles to around 165 million euros, both on the employment front, with around 700 professionals on staff. «With this operation - states Cesare Luzzana, CEO of MTWH - the group acquires new and distinctive skills that allow us to strengthen our presence in the accessories sector».