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bonyadi magazine
Maison Neyret acquires Martinetto Group
A new Franco-Italian textile powerhouse has emerged in Italy's Piedmont region as Maison Neyret and the Martinetto Group join forces. The merger creates Europe's largest manufacturer of woven ribbons, embellishments, and labels for the luxury and fashion markets while also positioning the group as a leading producer of technical ribbons for industrial applications across the continent.
This industrial milestone was achieved through Maison Neyret's acquisition of all Martinetto Group subsidiaries, including Remmert, Filmar, and Mabiel
Now operating in 10 countries, the expanded Maison Neyret Group will employ 1,350 people, including 350 staff in France and Italy across the Auvergne-Rhône-Alpes and Piedmont regions. The combined company is expected to generate $98 million in annual revenue, with all member companies benefiting from shared client networks, an expanded product portfolio, broader market access, and strengthened global reach
"Martinetto Group and Maison Neyret share the same values of excellence, innovation, and integrity," said Benoît Neyret, president of Maison Neyret. "Our passion for this industry, our customers, our products, and high-quality, innovative manufacturing is the foundation of this new Franco-Italian mid-sized enterprise—one that reflects both our employees and our clients
Antonella Martinetto, president of Martinetto Group, emphasized the significance of this decision: "For my family, choosing to sell our industrial holdings was not an easy decision—this company represents 70 years of hard work and dedication by both our family and our employees. However, we are pleased to entrust this legacy to a fellow family of entrepreneurs with over 200 years of textile expertise. We are confident they will continue our journey in the best way possible. We also know that our employees will be in excellent hands
Following the acquisition, Maison Neyret's Italian operations will be led by Antonino Giustiniani, who will assume the role of CEO of Neyret Italia. Giustiniani currently serves as CEO of Martinetto Group. Benoît Neyret will take on the position of president of Neyret Italia
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