18 December 2023
French leather and footwear research and testing services provider CTC has announced an investment in specialist Italian laboratory Ars Tinctoria. As a result, CTC will become the majority shareholder in the Santa Croce-based business, writes Leatherbiz.
CTC joining both businesses together would allow them to offer a more complete range of services to customers across the world. Ars Tinctoria began working as a partner of CTC’s in 2021.
“After two successful years, we have decided to go further,” CTC said. It added that it expects the investment to lead to a 55% increase in revenues within four years.
“This is good news for our customers,” said CTC president, Patrice Mignon. “Italy is a leading country for fashion and luxury and it seems obvious that CTC should have a presence there.”
For his part, Ars Tinctoria chief executive, Gustavo Defeo, said: “CTC is a point of reference in the international footwear and leathergoods sectors. Being part of that will allow us to present a more complete offer to our customers in Italy and in the international market.”
We bring leather, material and fashion businesses together: an opportunity to meet and greet face to face. We bring them from all parts of the world so that they can find fresh partners, discover new customers or suppliers and keep ahead of industry developments.
We organise a number of trade exhibitions which focus on fashion and lifestyle: sectors that are constantly in flux, so visitors and exhibitors alike need to be constantly aware both of the changes around them and those forecast for coming seasons.
