CINCINNATI, November 5, 2018 / PRNewswire / – Standard Textile Co., Inc., the world leader in textile products for the hotel business and medical industry, today announced an agreement with the Italian company Mascioni SPA, which owns the brand Mascioni Hotel Collection. Mascioni Hotel Collection supplies luxury hotels around the world with bed linens and textiles for bathrooms, restaurants and spa-centers. The acquisition of the Mascioni international hotel division is in line with the strategy of expanding Standard Textile’s leadership positions in the global restaurant and hotel business market and provides the company with opportunities for further growth.
As Gary Heiman, President and CEO of Standard Textile, noted: “We are delighted to purchase the Mascioni hotel division. The Mascioni Hotel Collection is the epitome of outstanding craftsmanship and innovation by Mascioni, one of the leading Italian designers and manufacturers of high-end textile products. Mascioni Hotel Collection replenishes our brand portfolio, allowing us to meet the high demands and needs of today’s customers from the restaurant and hotel sector. “
According to Mascioni Chief Executive Officer Francesco Russo: “For many decades since Mascioni was founded in 1957, our company has managed to win the world’s highest reputation as the creator of luxury textiles. We are confident that the Standard distribution network has been developed Textile in North America and around the globe will increase the pace of development of the Mascioni hotel industry and our Mascioni Hotel Collection brand. “
According to Standard Textile officials, the company will conclude a separate agreement with Mascioni SPA on design development and supply, which will allow manufacturing products both at Mascioni in Italy and at other factories that are part of Standard Textile’s global production infrastructure.
“This partnership and full control over our supply chain will allow us to innovate at every stage of the production process, ensuring consistently high quality products and services,” commented Mr. Heiman. “Due to the presence of a developed production and distribution infrastructure, the Mascioni Hotel Collection offers luxury hotel the complexes are sophisticated and high-class products that meet the expectations and preferences of their customers. “
Mr. Heiman also added that the Mascioni Hotel Collection will continue to function as an independent brand with a head office in Cincinnati (Ohio). The transaction is expected to be completed in November 2018.
Standard Textile has entered the restaurant and hotel market with a wide range of products designed specifically to meet the needs and wishes of owners of various types of establishments – from multi-purpose complexes to boutique hotels and luxury hotels. The company supplies bed linen and table textiles to many of the largest
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