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Umbria Verde Mattioli shareholders signed a binding agreement to sell 100% of the capital to Società Manifattura Tessile S.r.l. (SMT), a subsidiary of Pattern S.p.A., for a price of 20 million euros. The closing is expected by June 2024.
Società Manifattura Tessile (SMT), part of the Pattern Group, has acquired 100% of Nuova Nicol, a luxury knitwear manufacturer based in Calderara di Reno, Bologna, for EUR 6 million. The acquisition adds Nuova Nicol's 20 employees and expertise in women's knitwear to SMT's operations.