Jack Sewing Machine to acquire Italian industrial sewing machine makers for EUR23.2M

Jack Sewing Machine Co. plans to buy all of Finver SPA, 95% of Vinco SRL and 30% of ViBeMac SPA, giving it total equities of 100% and 80% respectively, for a total of EUR23.2 million. The acquisitions aim to expand Jack Sewing's product categories and customer base in Italy.

“Jack Sewing aims to expand its product categories and customer base in Italy with a particular focus on automated jeans production.”yicaiglobal.com

• 1 source
• yicaiglobal.comChina's Jack Sewing Buys Italian Machinery Makers, Adding to Overseas AcquisitionsTang ShihuaFeb 7, 2018

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