Accessories for luxury: MTWH finalizes the acquisition of Florenradica
A new acquisition for MTWH (that of Metalstudio dates back to a month ago) which continues to push for growth through external lines. The group, active in the sector of accessories for high fashion brands through the companies Metalworks (Bergamo), Mengoni e Nassini (Florence), Fgf (Florence), Fixo (Padua), Metalstudio (Florence), has in fact announced that it has finalized the acquisition of Florenradica, a company specialized in woodworking and 3D printing techniques.
«After the recent acquisition of Metalstudio – declared Cesare Luzzana, CEO of MTWH –, the entry into MTWH of a new Made in Italy excellence further strengthens our presence in the production chain of accessories for luxury and fashion brands , allowing us to access specific skills in an integrated platform logic, in an increasingly strategic sector for luxury brands."
Based in the province of Florence, Florenradica «has managed to combine refined craftsmanship with a strong drive for innovation – explains a note -, becoming a strategic counterpart of luxury brands for the production of fashion accessories and home items». Thanks to an important research and development activity in woodworking and in the most advanced resin printing technologies, it has broken down all sorts of creative limits.
«We enter with enthusiasm into a group that presents itself as a point of reference for the world of high fashion and luxury, bringing our know-how in 3D printing techniques and woodworking – declared Claudio and Mauro Baratti, administrators of Florenradica -. This operation aims to grow Florenradica through a total synergy between our skills and those already consolidated of MTWH". With the acquisition of Florenradica, MTWH - portfolio company of the Dbag VIII fund since June 2022 - further expands its staff and reaches a turnover of approximately 170 million euros. «Recent operations along the luxury accessories supply chain – comments Giovanni Revoltella, partner of Dbag Italia and member of the board of directors of MTWH – confirm the strong attractive capacity of our open platform, pervaded by an entrepreneurial spirit and oriented towards growth».