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

Jack Sewing Machine Co. Ltd. acquired 80% of Vibemac shares through a joint venture. Vibemac China will be created for the Chinese market.

- Type: Acquisition
- Announced: 2018-10-22
- Where: San Giovanni Lupatoto, Verona, Italy
- Status: completed
- Products: industrial automatic 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

- [perfectsourcing.net](https://perfectsourcing.net/jack-sewing-machine-co-ltd-enters-into-jv-with-vi-be-mac-s-p-a/), 2018-10-22: "As per the JV 80% of the Vibemac shares have been transferred to Jack."

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