Textiles, Canepa taken over by Achille Pinto: a new pole is born in the Como district
The silk factory had been in liquidation since last November. It will have a smaller perimeter, retaining about a third of its workers. Preserved the company's valuable archives, which had been subject to continuous changes of ownership since 2017
The historic Canepa silk mill is saved, but with a new perimeter and new ownership: the company, a key player in the Como district, had been put into liquidation last November, and it was taken over by Achille Pinto, another historic Como textile company with headquarters in Casnate con Bernate. The group, owned by the Uliassi family, has therefore announced the birth of the new company Canepa 1966 S.r.l., participated 70% by Achille Pinto and 30% by the Azimut Eltif Private Debt - Capital Solutions fund, managed under delegation by Muzinich & Co. SGR, already a Canepa shareholder, and representing an industrial integration and relaunch project.
Canepa 1966 will continue to exist with its own identity and a dedicated sales structure. Andrea Rossi, formerly Cfo of the Achille Pinto group, has been appointed CEO and operational guide of Canepa 1966.
Founded in 1966 and headquartered in San Fermo della Battaglia, for decades Canepa has been one of the reference companies in the Como silk district in the production of high-end jacquard fabrics, ties and textile accessories, collaborating with numerous international luxury brands. A positioning built on specialised manufacturing skills and on an extraordinarily valuable historical archive of 800 thousand designs, 15 thousand books and more than a million textile references, recognised by the market as one of the sector's most important creative heritages.
Since 2017, however, it has gone through periods of deep crisis and destabilising changes of ownership. After a relaunch that began in 2021 with yet another sale, to the Muzinich fund and Invitalia, with shares of 70% and 30% of the capital respectively, last November, in fact, Canepa started the liquidation procedure, due to 'the persistent negative trend in its economic results, in a very critical general market framework', as it had declared.
The acquisition of Achille Pinto will lead to the formation of an industrial pole with a total of around 60 looms, the result of the integration of the existing 24 Canepa looms and 34 Pinto looms, as part of a project that forms part of the broader plan to strengthen Achille Pinto's weaving branch. Canepa 1966 will operate as an industrial platform serving both Canepa and Achille Pinto, while Achille Pinto will provide support for inkjet screen printing and all ancillary processing.
