CHINA: JACK AC­QUIRES ITAL­IAN JEANS AU­TO­MA­TION PI­O­NEER VIBEMAC

Stitch World - - NEWS -

In yet an­other ac­com­plish­ment, Jack Sewing Ma­chine Co., a lead­ing Chi­nese sewing tech­nol­ogy provider, re­cently ac­quired Ital­ian jeans au­to­ma­tion com­pany Vibemac SPA. The of­fi­cial sign­ing cer­e­mony was or­gan­ised in San Gio­vanni Lu­pa­toto City Hall, Verona, Italy on July 4, 2018 which wit­nessed the pres­ence of the de­ci­sion mak­ers of both the com­pa­nies.

Jack has bought Vibemac for a to­tal of EUR 23.2 mil­lion ( US $ 28.6 mil­lion) as the Chi­nese firm looks to gain a foothold in Italy’s gar­ment equip­ment in­dus­try. With this ac­qui­si­tion, Jack Sewing aims to ex­pand its prod­uct cat­e­gories and the cus­tomer base in Italy with a par­tic­u­lar fo­cus on au­to­mated jeans pro­duc­tion.

On the other hand, China is the world’s largest denim gar­ment pro­duc­tion base, there­fore, the ac­qui­si­tion will also help Jack to quickly in­tro­duce Vibemac SPA in the Chi­nese mar­ket with its strong chan­nel ad­van­tages and China’s lo­cal­i­sa­tion ad­van­tages.

More­over, Jack has strong sales chan­nels in more than 120 coun­tries around the world and the Chi­nese sewing jug­ger­naut would now be able to lever­age the tech­ni­cal de­vel­op­ment ex­pe­ri­ence of Vibemac and sell its ex­cel­lent denim sewing tech­nol­ogy to all cor­ners of the world to achieve a win-win sit­u­a­tion.

Over­whelmed with the merger, Jix­i­ang Ruan, Chair­man, Jack Sewing Ma­chine Co. Ltd., com­mented, “The ac­qui­si­tion will help Jack to en­rich its prod­uct line and ac­cel­er­ate the de­vel­op­ment of au­to­mated sewing ma­chines. At the same time, Vibemac’s ex­pe­ri­ence in the whole process, plan­ning, lay­out and sales can give Jack a use­ful ref­er­ence for smart man­u­fac­tur­ing com­plete so­lu­tions, which will ac­cel­er­ate Jack’s en­try into smart pack­age so­lu­tion ser­vice providers.”

It’s worth men­tion­ing here that Jack has used over­seas merg­ers and ac­qui­si­tions to ex­pand its busi­ness since 2009, buy­ing Ger­man dig­i­tal cut­ting com­pany Bullmer Gmbh and Maica SPA, an Ital­ian pro­ducer of in­tel­li­gent man­u­fac­tur­ing so­lu­tions for shirts. And, the re­cent ac­qui­si­tion of 38-years- old Ital­ian jeans au­to­ma­tion pi­o­neer Vibemac has strength­ened its foothold in the global sewing in­dus­try.

Jack has strong sales chan­nels in more than 120 coun­tries around the world

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