# Jack Sewing Machine acquires 80% stake in Vi.Be.Mac.

Jack Sewing Machine Co. Ltd. has acquired 80% of the shares of Vi.Be.Mac. spa for approximately EUR 23 million. The Guerreschi family will retain management of Vi.Be.Mac. in Italy.

- Type: Acquisition
- Announced: 2018-07-04
- Where: San Giovanni Lupatoto, Verona, Italy
- Value: $27.0M (23.0M EUR)
- Status: announced
- Products: industrial sewing machines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Jack Sewing Machine Co.](https://endata.com/companies/18242.md) (acquirer)
- [Vi.Be.Mac.](https://endata.com/companies/18850.md) (target)

## Sources

- [veronaeconomia.it](https://veronaeconomia.it/2018/07/18/leggi-notizia/argomenti/zarchivio/annunci-e-varie/macchine-da-cucire-industriali-joint-venture-vi-be-mac-spa-verona-jack-sewing-machine-co-ltd-cina-raddoppiera-la-produzione-a-san-giovanni-lupatoto.html), 2018-07-18: "La firma in tema sfiora il valore di 23 mln di euro, prevedendo l'acquisizione dell'80% delle quote di Vi.Be.Mac. spa, da parte della Jack Sewing Machine Co. Ltd."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.