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13.02.2018

IMPRIMA strengthens its Operations in the USA, acquiring City Prints and Premier Fabrics

The acquisition is the fifth strategic deal finalized by Imprima Spa , holding controlled by the Italian private equity fund Wisequity IV.

IMPRIMA S.p.A., the holding company of the multinational group dedicated to textile printing and finishing, announces the acquisition of City Prints and the twin company Premier Fabrics, both American companies specialised in printed textiles. 

Imprima, controlled by Wise SGR through the Italian private equity fund Wisequity, now strengthens its strategic positioning, consolidating its global presence as a leading player in the field of printing and textile finishing for international retailers and fashion brands.

The acquisition is the fifth strategic deal finalized by Imprima Spa , holding controlled by the Italian private equity fund Wisequity IV.

IMPRIMA S.p.A., the holding company of the multinational group dedicated to textile printing and finishing, announces the acquisition of City Prints and the twin company Premier Fabrics, both American companies specialised in printed textiles. 

Imprima, controlled by Wise SGR through the Italian private equity fund Wisequity, now strengthens its strategic positioning, consolidating its global presence as a leading player in the field of printing and textile finishing for international retailers and fashion brands.

City Prints and Premier Fabrics, founded in 1997 and headquartered in New York and Los Angeles, are specialized in textile printing for the programmed collection market. The companies supply printed fabrics, based on proprietary design, to major American retailers such as Walmart, Target and Macy's, to  fashion brands such as Ralph Lauren, Calvin Klein and Tommy Hilfiger, and to online retailers such as Amazon. The companies serve retailers and brands through leading private label intermediaries, currently sourcing prints and garments mainly from China.  

As in the case of the previous acquisitions, the brothers Jason and Ryan Borg, co-founders of City Prints and Premier Fabrics, will maintain a leadership role in the management of the companies and become shareholders of IMPRIMA. 

 "Our entry into the IMPRIMA group is an excellent opportunity to consolidate and increase our commercial positioning in the market, through the introduction of IMPRIMA Group’s brands in the US market and the opening of a digital production facility within the US territory, relying on the technology know-how in digital printing and the financial support that IMPRIMA provides", said Jason and Ryan Borg co-owners of City Prints and Premier Fabrics, which currently show a consolidated turnover of over 23 million dollars.

“With this acquisition, IMPRIMA deals with the US market with the goal of becoming the first textile converter with full digital printing capability in this local market.  The current deep crisis of American apparel retailers is pushing the industry to reshape its current supply chain strategy, mainly based on sourcing from Far East, towards a European-like fast fashion model. IMPRIMA, through City Prints and Premier Fabrics, will allow local retailers to leverage the "Made in USA" banner to deliver a great creative experience through a local, reliable partner.", said President Valentina Franceschini, and Executive V.P. Gianluca Boni.

This acquisition of the US companies follows the recent acquisition of the Italian print converters SET, Guarisco and B-Blossom and of the German print converter KBC.  

More information:
IMPRIMA S.p.A.
Source:

GB Network

Imprima Imprima
Imprima
12.06.2017

IMPRIMA & THE AMSTERDAM INNOVATION FORUM: “How apparel brands can transform supply chains” 14th June, 2017

The session will explore what the digital revolution means for business, and how innovations in manufacturing are the new reality that help create sustainable products that last and can be scaled to suit each actor through smart customization.
IMPRIMA S.p.a. is the global holding company dedicated to research, development and innovation in the textile printing and finishing arena. It is the first Fully Digital Industrial Platform, that today can offer a fully digitalized process in every step of its manufacture. Thanks to the acquisition of 100% of the German finishing and textile printing company KBC and 100% the Italian company GUARISCO by WISE SGR, Imprima is enriched by an international outlook that makes it extremely competitive in the market, which will be reinforced in the coming months with additional acquisitions in Italy and abroad, taking care to maintain best practices in terms of quality and service and the business identity of each company. In this way, Imprima represents a preferred partner for the fashion retailers.

The session will explore what the digital revolution means for business, and how innovations in manufacturing are the new reality that help create sustainable products that last and can be scaled to suit each actor through smart customization.
IMPRIMA S.p.a. is the global holding company dedicated to research, development and innovation in the textile printing and finishing arena. It is the first Fully Digital Industrial Platform, that today can offer a fully digitalized process in every step of its manufacture. Thanks to the acquisition of 100% of the German finishing and textile printing company KBC and 100% the Italian company GUARISCO by WISE SGR, Imprima is enriched by an international outlook that makes it extremely competitive in the market, which will be reinforced in the coming months with additional acquisitions in Italy and abroad, taking care to maintain best practices in terms of quality and service and the business identity of each company. In this way, Imprima represents a preferred partner for the fashion retailers.
IMPRIMA boasts a Total Water Management guarantee through its own chemical/physical process of water depuration technologies able to reduce the consumption of water up to 90%, avoiding effluents, by circulating it in a virtuous recycling process, for example now needing only 1 liter of water compared to traditionally 12 liters needed in the past.

More information:
Imprima, digital
Source:

GB Network Marketing & Communication