Gruppo Mastrotto S.p.A. has acquired a majority stake in Coindu - Componentes Para A Indústria Automóvel, S.A., through an equity contribution to support the business's relaunch.

Founded in 1988 in Portugal, Coindu is a leader in the design and manufacture of high-quality leather and textile automotive interiors. The company specializes in producing automotive seat covers and surface decorative interior parts, with differentiated detailing and construction processes.

Gruppo Mastrotto, established in 1958 in Italy, is a global leader in the leather industry. The company specializes in producing high-quality leather for various sectors, including automotive, fashion, and interiors. With a strong global presence, Gruppo Mastrotto meets the demands of the most prestigious brands by providing tailor-made solutions that combine sustainability with high performance and innovation.

This transaction results in Coindu becoming part of a leather industry leader group, consolidating its financial and operational stability. For Gruppo Mastrotto, this operation aims to advance vertical integration, enhancing the company's ability to offer end-to-end automotive interior solutions and strengthening its competitive position in the global market. Both Gruppo Mastrotto and Coindu are committed to expanding their presence in luxury market segments, leveraging combined expertise to meet the highest standards of premium clients across their respective industries.

The Gomes family will maintain a minority stake in Coindu, and the former management will continue to play a strategic role in the company post-transaction. Antonio Candido, CEO of Coindu, will remain in his position with specific operational delegations, reporting directly to the shareholders.

Chiara Mastrotto, President of Gruppo Mastrotto, stated: "This strategic deal aligns with our growth plans, reinforcing our business through downstream integration and unlocking potential synergies in both revenue and cost structures. By combining expertise with Coindu's, we'll strengthen our global value proposition delivering enhanced solutions across the automotive sector.”

Antonio Candido, CEO of Coindu, added: "Thanks to this synergy, we will be able to offer an integrated service to our customers and respond even more effectively to market needs, enhancing production capabilities and technical know-how. Coindu will retain its brand, innovative production strategy, and market independence."

Chiomenti law firm advised Gruppo Mastrotto in the transaction, with the support of Cuatrecasas and Deloitte.