Trim and packaging specialist Cadica has added to its capabilities in traceability and anti-counterfeiting by acquiring labelling company Etichetta 2000.
Cadica said the bolt-on deal will allow it to meet the increasing demand of the luxury product sector to offer sustainable products to customers. The financial terms of the acquisition have not been disclosed.
Etichetta 2000 specialises in variable data printing onto woven and printed garment labels and stickers using offset, digital, laser, hot and silk screen printing at its base in Campo Tizzoro, where it employs 80 workers.
The 30-year-old company also offers an anti-counterfeit service through the use of smart labels based on personalised QR codes and holographic strips, complementing Cadica's position in tracking technologies like radiofrequency identification (RFID) and near-field communication (NFC).
The acquisition "will allow us to offer to our customers an even wider range of products, intercepting their needs in terms of creativity, quality and service in an even more complete way," commented Masismo Stefanello, Cadica's chief executive,
Formed in 1974, Cadica was consolidated into an Italian garment label giant when private equity company HIG provided funding to combine it with two other players – Tessilgraf and Bernini – in 2019. It specialises in supplying hangtags, labels, patches, packaging and other clothing components like buttons and studs.
Since then, the group has been swelled further with the addition of label design company Estro and Scatolificio Cartotecnica Giorgi, which makes packaging boxes and shopping bags for fashion, cosmetics, jewellery, eyewear and spirits brands.
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