23 October 2024
Italian leather manufacturer Gruppo Mastrotto has acquired a majority stake in Coindu, as part of a strategic move to support the relaunch and growth of the Portuguese automotive interiors manufacturer. By Leatherbiz.
Founded in 1988, Coindu specialises in the design and production of high-quality leather and textile automotive interiors, particularly seat covers and decorative interior parts.
The acquisition strengthens Coindu’s financial and operational stability while advancing Gruppo Mastrotto’s strategy of vertical integration, allowing the company to offer more comprehensive solutions in the automotive interiors sector. The Gomes family will retain a minority stake in Coindu, with CEO Antonio Candido continuing in his role.
Chiara Mastrotto, President of Gruppo Mastrotto, stated that the deal “reinforces our business through downstream integration and unlocks potential synergies in both revenue and cost structures.” Both companies aim to enhance production capabilities and expand their presence in the luxury market.
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