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Smit & zoon completes acquisition of Codyeco
08
Nov '17
Smit & zoon completes acquisition of Codyeco
Smit & zoon, global supplier of wet-end and finishing leather chemicals for tanneries, has completed the acquisition of Italian leather chemicals producer Codyeco. Providing a full range of leather chemicals – including wet-end, finishing and beamhouse products – Codyeco will support Smit & zoon’s growth strategy and dedication to the leather industry.

"As a 7th generation family business, Smit & zoon has a long term focus and the generations to come are naturally top of mind. Before its acquisition by Star Capital in 2013, Codyeco was a family owned business, just like Smit & zoon. With this acquisition, we will bring Codyeco’s employees back to their heritage: being part of a family business," said Marc Smit, 7th generation owner of Smit & zoon.

With the acquisition, both companies are expecting their customers to benefit from a broader product portfolio, joint strengths in regards to product innovations and a strong focus on making the leather value chain more sustainable, a press release stated.

"Smit & zoon is specifically strong in the areas of automotive and upholstery leathers, while Codyeco’s main strength lies in the luxury shoe and leather goods segment. This will also be an area where both companies can complement each other,” Hans van Haarst, chief executive officer of Smit & zoon, said. "Codyeco will benefit from Smit & zoon’s global network and its complete range of fatliquors, syntans and pigments. I am confident that together we will form a very strong combination with impactful presence in all market segments."

"It is our ambition to make the leather value chain more sustainable. By combining Smit & zoon and Codyeco’s R&D efforts and reliable customer network, we will be able to have a bigger impact on this in a faster pace. Smit & zoon will benefit from Codyeco’s in-depth knowledge of dyes, wet-end and finishing products as well as from our customised and fashion driven approach," César Knebel, chief executive officer of Codyeco, said. (RR)

Fibre2Fashion News Desk – India


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