Private equity firm eyes growth after buying Rino Mastrotto group
29/08/2019
Rino Mastrotto, which has facilities in Italy, Sweden and Brazil, produces cowhide and calf for the automotive, fashion and upholstery sectors.
It has seen a jump in turnover over the past few years, from €250 million in 2015 to €320 million in 2018.
The Mastrotto family will maintain a significant stake and will continue to play a strategic role in managing the group.
Rino Mastrotto will hold the position of chairman with specific operational powers, Matteo Mastrotto will take on the role of chief executive and continue to be responsible for the fashion division, while Barbara Mastrotto will continue to lead the automotive division.
Partners at NBRP said: “Rino Mastrotto Group adapts perfectly to our investment strategy because it is an example of excellence of Made in Italy, in a sector in which Italy boasts unique knowledge thanks to the success of the district model that traditionally characterises a relevant part of the Italian manufacturing economy.
“We are convinced the group represents the ideal platform to grow both organically and by consolidating an extremely fragmented market, and we are excited to have been selected by the Mastrotto family for this new phase of growth.”
Rino Mastrotto employs over 850 people and sells in 60 countries, generating around 60% of turnover abroad.
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