Gemata acquires majority stake in COS.T.A
Tanning machinery manufacturer Gemata has announced the completion of the acquisition of a majority stake in Costa, a leading equipment manufacturer for advanced technologies in automotive leather, technical textiles, and the furniture industry.
Working together on the joint strategic project since April, the synergies of the two companies, which will continue to operate under their brand names, aims to increase the value that the companies already bring to the market, with specific emphasis on the finishing and upgrading of leather and technical textiles.
Offering an extended product range with high expertise in customer assistance and an increased ability for support and customer service were listed as specific advantages the companies would bring to market with the new venture.
