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