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Marzotto Tessuti, one of the best Italian woollen mill brands and fabrics manufacturers changes owner after almost 190 years.

190 years of being in the business of Made in Italy fabrics, about 24,600 km of fabric and 5,300 tons of yarn sold, 3,894 human resources, 10 production facilities in Italy, 5 countries with facilities worldwide and a global sales network

Manifattura Internazionale, the group’s safe, has passed into the hands of Antonio Favrin, the manager – now 86 – who was Marzotto’s chief executive for 59 years.

According to the local press, the financial transaction was concluded with the opening of the bids in the Marchetti notary’s office in Milan: Manifattura Internazionale, which is headed by the sons of Andrea Donà delle Rose (who was its majority shareholder, until his death in 2022), had submitted a bid of between €22 and €32 million, outbid by just €10 thousand by that of Faber Five, Favrin’s financial company.

Antonio Favrin, the manager born in Oderzo (Treviso) in 1938, will have two months to finalize the purchase. The remaining 20 percent of the shares remain with Vittorio Marzotto, Matteo’s brother, who may eventually exercise the co-sale right in favor of Favrin within a month, worth around €16 million.

In 2023, the Marzotto group had sales of around €400 million (€53 million ebitda), employs more than 3,000 people and has production plants, in addition to Valdagno and Biella, in the Czech Republic, Lithuania, Tunisia and other foreign countries.

Image & Video Credits: Marzotto Tessuti. | Valdagno, Italy