M&A

Prada acquires 10% of the Rino Mastrotto tannery

5 June 2025

Patrizio Bertelli, presidente del gruppo Prada, e Matteo Mastrotto, ad Rino Mastrotto Group

2' min read

The made-in-Italy supply chain is once again the protagonist of a financial transaction linking a major luxury group to a leading manufacturing company: the Prada Group has entered the Rino Mastrotto Group, a high-end tanning specialist controlled by the Renaissance Partners fund.

The transaction provides for the contribution of 100% of Conceria Superior S.p.A. - subject to purchase of the shares not yet held - and of Tannerie Limoges S.A.S. to the Rino Mastrotto Group by the Prada Group. The Prada Group is also committed to a cash investment, in exchange for a minority interest totalling 10% of the share capital of the Rino Mastrotto Group.

"By joining Rino Mastrotto, we are strengthening our oversight of a highly strategic phase of the production process. Our groups share a passion for quality, innovation and sustainability, and we are happy to promote synergies and consolidation to strengthen the supply chain and Made in Italy," said Patrizio Bertelli, Chairman and Executive Director of the Prada Group.

The two companies contributed to the Mastrotto group are historical companies in the sector: Conceria Superior, specialised in the processing of calfskin, is one of the main players in the tanning sector in Santa Croce sull'Arno and Prada had acquired a share in it in 2022. Tannerie Limoges, on the other hand, is a French lambskin specialist with over 70 years of history behind it. The Prada group had taken control in 2014.

The closing of the transaction is expected between the end of the second and beginning of the third quarter of 2025 and is subject to the fulfilment of certain conditions precedent.

"This transaction demonstrates our company's willingness to continue investing in the luxury segment; the entry of the Prada Group into our share capital validates our long-standing collaboration and mutual esteem and brings a broader industrial vision aimed at long-term growth," commented Matteo Mastrotto, CEO of the Rino Mastrotto Group.

The Montebello Vicentino-based company, founded in 1958, specialises in the production of high-end leather and technical textiles for the fashion, automotive and furniture industries, with an important focus on sustainability. It currently employs more than 1300 people and closed 2024 with a turnover of €342 million.