Sign in or Register
Español Français Deutsch Italiano Português 汉语

Smit & zoon acquires Italian leather chemicals company

Leather chemicals supplier Smit & zoon has acquired Italian leather chemicals producer Codyeco.

Based in Santa Croce sull’Arno in the heart of the Tuscan tanning cluster, Codyeco makes a full range of leather chemicals, including wet-end, finishing and beamhouse products. This, as well as what it has called Codyeco’s “dedication to the leather industry” and the support this move offers to its growth strategy, prompted Smit & zoon to make the acquisition.

It went went on to say that current customers of both companies can expect to benefit. There will be a broader product portfolio, additional strength in regards to product innovation, with a keen focus on making the leather value chain more sustainable.

In additional comments at the time of the announcement, Smit & zoon owner, Marc Smit, said the acquisition will also be a welcome return for Codyeco employees to a family-company set-up. He said: “As a seventh-generation family business, Smit & zoon has a long-term focus and the generations to come are naturally top of mind. Before its acquisition by Star Capital in 2013, Codyeco was a family-owned business, just like Smit & zoon. With this acquisition, we will bring Codyeco’s employees back to their heritage, being part of a family business.”
 
Smit & zoon chief executive, Hans van Haarst, said that the broader product portfolio the companies will be able to offer includes beamhouse chemicals, wet-end auxiliaries, fatliquors, syntans, dyes and finishing chemicals. He pointed out that Smit & zoon is specifically strong in the automotive and upholstery leathers, while Codyeco’s main strength lies in the luxury shoe and leathergoods segment. He added: “Codyeco will benefit from Smit & zoon’s global network and its complete range of fatliquors, syntans and pigments. I am confident that together we will form a very strong combination with impactful presence in all market segments.”
 
For his part, Codyeco chief executive, César Knebel, said he believes the merger will allow the two companies to “have a bigger impact at a faster pace” on efforts to make the leather value chain more sustainable.




USHSLA D

Leatherbiz.com cannot be held responsible for content if the language setting is changed from English. The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.

Copyright © leatherbiz.com and World Leather Limited 2013. All rights reserved.