Mentioned by NordestEconomia on June 23^rd, 2021

ARZIGNANO. Pai, a multinational private equity firm, is taking over Pasubio, a Vicenza-based group that is a leading producer of high-quality leather in the automotive interior sector.

In 2020, Pasubio closed its accounts with revenues at 265 million euros and with their EBITDA up to 65 million. The company’s CEO and founder, Luca Pretto, will reinvest in the Pasubio Group upon completion of the reorganization with Pai.

More than 80 percent of its sales are made abroad, as Pasubio supplies leather for the interiors of major luxury car brands, including Land Rover, Jaguar, Maserati, Lamborghini, as well as BMW, Volkswagen, FCA.

View the full announcement here: https://nordesteconomia.gelocal.it/imprese/2021/06/23/news/pasubio-la-conceria-che-veste-bmw-volkswagen-maserati-passa-a-pai-1.40421290