The Veneto-based group, a leading manufacturer of eyewear components, takes over the company specializing in the supply of zamak elements. With this transaction, Visottica Comotec creates a production hub unique in the world in terms of capacity and technology.
Susegana (Treviso), March 2021 – Visottica Comotec, a company based in the Veneto region and world leader in the production of eyewear components, has completed the acquisition of 50% of Eurodecori, a company of excellence based in Belluno and specialised in the production and processing of elements made in zamak (a zinc alloy).
The agreement between the two companies includes an option for the purchase of 100% of the shares of Eurodecori.
“This acquisition has a strategic value for our Group – says Rinaldo Montalban, President of Visottica Comotec – Eurodecori has an extremely specialized know-how and a wealth of precious skills that today become part of our assets and complete our market offer. We will create virtuous synergies between the different companies that are part of Visottica Comotec and we will be able to offer a more complete service to our customers”.
“Thanks to a consolidated leadership in the eyewear sector and long-standing partnerships with some of the world’s biggest brands – adds President Montalban – Visottica Comotec can now provide a complete range of products for this sector and think about further diversifying its offer, enhancing its strategy of expansion towards new areas like industry, fashion, costume jewellery and giftware. The market offers new opportunities, and we are ready to seize them, with the scope of confirming ourselves as a reliable, innovative and quality partner”.
For Visottica Comotec – with headquarters in Susegana (Treviso) near the heart of the world’s most important eyewear district – becoming part of Eurodecori is a step of that expansion that began in recent years through a policy of strategic acquisitions that has led to expand and integrate the Group’s offer, creating a technology hub of the highest level and unique worldwide in terms of capacity and technology.
Founded in 1990 under the name of Antares, it became Eurodecori in 2002. The company is based in the industrial area of Quero Vas (Belluno) and has three production plants. Since its foundation it has specialised in the supply of elements made in zamak, an especially valuable and versatile zinc alloy.
The company employs about 65 people and boasts leading companies in the world of fashion, leather goods, eyewear, mechanics, and giftware among its customers. Turnover in 2019 was around EUR 9 million.
“This operation creates a partnership of great importance in which each party offers mutual added value to the other party,” says Corrado Minute, President, and founder of Eurodecori. Thanks to technological innovation and continuous research, we can offer a product that is strictly made in Italy at a truly competitive price. We are now part of a group that knows and controls the market like no other, and we are happy to offer our experience in a technological production hub of absolute excellence.
Founded in 1947, Visottica Comotec expresses a manufacturing culture based on the combination of a strong Italian heritage and a global approach, thanks to a continuous exchange of skills and expertise between the various seats worldwide.
Today, the company led by Rinaldo Montalban – son of the founder of Visottica Osalco – can count on two production plants, the historic one in Susegana and a second one in Dongguan, China, as well as a trading company in Hong Kong.
Ookii, a company specialising in the production of technical items, and Matrix, a leader in the production of MIM and microfusion components, both located in the Veneto eyewear district but with a diversified business in other sectors like clothing, sportswear, fashion, medical and industrial, are also part of the Visottica Comotec Group since 2017.
The Group can count on a total of about 1200 employees, with a production of over one billion pieces per year, a total turnover of 70 million Euro and a wealth of experience, expertise and reliability protected by 50 international patents.
from left Corrado Minute, President and founder of Eurodecori, Rinaldo Montalban, President of Visottica Comotec