• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • About
  • Forum
  • Design Studio
  • Upholstery Jobs
  • Newsletter
  • Sponsors

The Hog Ring

Auto Upholstery Community

  • Facebook
  • Instagram
  • Twitter

Auto Leather Company Sells for $715 Million

June 25, 2021 By Nadeem Muaddi Leave a Comment

The Hog Ring - Auto Leather Company Sells for 715 Million

Pasubio, the company that makes leather for such such luxury automakers as Bentley and Maserati, just sold for more than $715 million.

PAI Partners, a European private equity firm, acquired the company from CVC Capital Partners VI.

Based in Vincenza, Italy, Pasubio employs about 1,000 people in six facilities, where it does everything from tanning to specialty cutting of leather hides for premium and luxury automakers. Its clients include Porsche, BMW, Bentley, JLR, VW, Rolls-Royce, Lamborghini and Maserati.

CVC reportedly grew Pasubio from a local manufacturer into a multinational leader in the field of leather production. PAI hopes to build on that growth, and even expand Pasubio’s offerings into other premium automotive materials.

“We have very much enjoyed our journey with CVC, and we would like to thank them for all their support in helping us transform under their ownership. Over the last few years, we have further professionalized our operations and processes, through a combination of new skills and automation, as well as built-up an unrivaled track record of quality and service for our clients around the world,” Pasubio CEO Luca Pretto said.

“We are very excited to be partnering with PAI and to benefit from their strong experience going forward, as we look to further grow our position as a global and diversified market leader, both organically and through acquisitions.”

The deal is expected close in October 2021, and is estimated at 600 Euros, or $716 million. Now that’s one helluva pay day!

Related Stories:

  • The Vegan Leather Market is valued at $90 Billion
  • Automotive Interiors will be worth $153 Billion
  • Headliners Alone are a $20 Billion Industry

Filed Under: Archive, Industry Trends & Reports Tagged With: Auto Trim, Auto Upholstery, Car Interior, CVC Capital Partners VI, PAI Partners, Pasubio

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

THR Sponsors

NC Sewing Machines
Miami Corporation RIght Rail - Ad 2
Top Down Group
Apex Leather
  • MasterTech Expo Ad 2
  • GAHH Automotive
  • Premium Auto Fabrics
  • Douglass Interior Products
  • Keyston Bros
  • Albright's Supply
  • Hyde Leather

THR Favorites

Auto Upholstery - The Hog Ring - Chevrolet Chevelle Door Panel

Design Studio: 1964-67 Chevelle Door Panel

In continuation of our door panel series, … [more] about Design Studio: 1964-67 Chevelle Door Panel

Auto Upholstery - The Hog Ring - 2011 Chevrolet Camaro Convertible

How to Install a Top on a 2011-2012 Camaro

In 2011, Chevrolet introduced the convertible … [more] about How to Install a Top on a 2011-2012 Camaro

Is Auto Upholstery Under-Appreciated?

How often does this happen to you? A customer … [more] about Is Auto Upholstery Under-Appreciated?

10 Questions for Trimmer Shannon Walters

If you were to poll the hot rod community to … [more] about 10 Questions for Trimmer Shannon Walters

Auto Upholstery - The Hog Ring - 1969 Chevrolet Camaro - JNG Creations

JNG Creations’ Custom 1969 Camaro

Jean-Noël Greffeuille of JNG Creations in … [more] about JNG Creations’ Custom 1969 Camaro

Auto Upholstery - The Hog Ring - Red Neck Seat Cover Repair

Redneck Auto Upholstery Repair

Check out these ridiculous videos by YouTuber … [more] about Redneck Auto Upholstery Repair

Categories

Footer

Recent Articles

  • Keyston Bros Now Sells Alcantara for Motorcycles and Boats!
  • Trimmer Lew Doyle Stratton Dies at 86
  • Apex Announces Eight Days of Renegade!
  • GM Files Patent for New Faux Leather Evotex
  • Trimmer John Bendt Dies at 96

Recent Comments

  • Mors Alfabesi Bileklik on 10 Cool Custom Headliners on Instagram
  • Подборка удивительных фактов, которые расширят ваш кругозор | Smart новости высоких технологий on Leather Interiors: Rolls-Royce Style
  • Подборка удивительных фактов, которые расширят ваш кругозор — newsbd.ru on Leather Interiors: Rolls-Royce Style
  • Подборка удивительных фактов, которые расширят ваш кругозор | Технологии on Leather Interiors: Rolls-Royce Style
  • Подборка удивительных фактов, которые расширят ваш кругозор - PS News on Leather Interiors: Rolls-Royce Style

Advertise With Us!

We're always looking for companies to collaborate with. Watch this short video about the benefits of sponsorship and then email us to say hi.
anal porno bangbros rus porno yaşlı porno konulu porno olgun porno porno izle sarışın porno bakire sex 69 porno

Copyright © 2023 · Magazine Pro On Genesis Framework · WordPress · Log in