# Gruppo Florence acquires Ideal Blue Manifatture

Gruppo Florence, a luxury manufacturing consortium, acquired Ideal Blue Manifatture (IBM), a denim manufacturer based in Urbania, Italy. IBM specializes in high-end denim production with eco-sustainable methods and has 140 employees.

- Type: Acquisition
- Announced: 2022-11-14
- Where: Urbania, Marche, Italy
- Jobs: 140
- Status: announced
- Products: high-end denim products, jeans
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Gruppo Florence](https://endata.com/companies/66632.md) (acquirer)
- [Ideal Blue Manifatture](https://endata.com/companies/66633.md) (target)

## Sources

- [ww.fashionnetwork.com](https://ww.fashionnetwork.com/news/Gruppo-florence-diversifies-into-denim-with-ideal-blue-manifatture,1458401.html), 2022-11-14: "IBM is specialised in denim manufacturing, and is renowned for its eco-sustainable production methods."
- [us.fashionnetwork.com](https://us.fashionnetwork.com/news/Gruppo-florence-diversifies-into-denim-with-ideal-blue-manifatture,1458481.html), 2022-11-14: "IBM is specialised in denim manufacturing, and is renowned for its eco-sustainable production methods."

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