Affiliated Portfolio Company of HIG Capita, Cadicagroup, a group specialized in the supply of accessories to the main clothing brands active in the premium and absolute luxury market, has acquiredthe label company Varcotex.

Based in Carpi (Modena) and with approximately 60 employees, Varcotexhas been producing woven labels, tags, printed labels and leather labels mainly for the luxury sector since 1982.

The integration with Varcotex will allow Cadicagroup to further develop its strategic positioning, strengthening its production capabilities and further enriching the group's offering to high-end customers with an increasingly integrated supply chain in line with a greater focus and attention to sustainability.

Varcotex’s CEO, Paolo Munari, who has been active in the sector for more than 25 years, will reinvest in Cadicagroup and will remain involved in the management of the group’s production activity.

Massimo Stefanello, CEO, Cadicagroup,says, the acquisition of Varcotexgives even greater impetus to our vision of providing the Italian and international fashion industry with a reliable and competitive partner in terms of cost, responsiveness and services offered.

Founded in 1974 in Carpi, one of the historic areas in the textile industry in Northern Italy, Cadicagroup specializes in Brand Identity, in other words, the production of accessories, such as such as labels, tags, embellishment, patches and packaging, which are the essential details of luxury fashion products. Cadicagroup has commercial and distribution bases in the US, China, Hong Kong, Romania and Turkey.