Limonta announces to have concluded the agreement for 100% acquisition of the Korean company BATM CO., LTD., founded in Seoul in 2003, strengthening the presence of Limonta in Asia and enhancing its offer of innovative textiles for the world of fashion and luxury. BATM will take the name of LIMONTA BATM LLC.
“The purpose of this operation is to be able to complete our product offer for customers, acquiring the know-how of a country like Korea, which exhibits an established tradition of textile innovation, associated with a high quality industrial production, and which has obtained an increasing importance in the world of fashion and, in particular, luxury, in the last few years”, affirms the CEO, Paolo Limonta. “Moreover, BATM will contribute to strengthen the presence of Limonta in the Far East markets, alongside of BRIDGE Shanghai, settled in China since 2006”, continues Limonta.
BATM, present in the most relevant European fairs of the sector from 2008, proposes innovative collections of textiles for sportswear clothing, entirely developed and produced in Korea. “We are proud to announce to become a part of Limonta Group, affirms Jonathan Yang, Founder and CEO of BATM, who will retain the position of CEO in the new company. “Thanks to Limonta support, we will be able to give a further added value in terms of product innovation, quality and service to our Customers”.