LVMH Métiers d’Art is pleased to announce the acquisition of 100% of the shares of Renato Menegatti, based in Villaverla, in the province of Vicenza, a touchstone in the European metal sector since 1980 and which, in conjunction with the acquisition, is being renamed M.ON.DE Metal-on-Demand.
A natural development in the strategy pursued by LVMH Métiers d'Art, which after having recently consolidated its presence in leather goods with the purchase of Grupo Verdeveleno (a Spanish tannery that is a touchstone for the processing and finishing of exotic leathers), and in silk, with the partnership signed in November with the historic firm Hosoo (masters of silk since 1688), now adds another milestone to its journey, this time in the field of high-end metals.
M.ON.DE., a company of renowned excellence in a historic Venetian district of the sector, sets itself apart for applying processes typical of the world of jewellery to the production of small metal parts for accessories, developing the entire process in-house: from 3D design, to prototyping, to the actual production, and the processes of galvanization (with gold or palladium), anodization, satin finishing and polishing.
The metamorphosis of raw metal that is turned into logos, chains, buckles, eyelets, zippers and studs. The creation of metal accessories for the fashion sector, especially for clothing and leather goods, is a fundamental pillar of the luxury industry. A sector that is constantly growing in order to respond on the one hand to the creativity of designers and on the other to an increasingly dynamic need from the market. That is the ever more central role of artisanal metal processing: anodizing and galvanic, welding and assembly, cleaning and polishing. And Italy is historically among the world leaders in manufacturing, our artisans being capable of combining existence and elegance.
“The metalworking is an ancient art that requires unique skills and craftsmanship,” says Jean Baptiste Voisin, Chief Strategy Officer of LVMH and President of LVMH Métiers d'Art. “We are aware of the importance of preserving and enhancing this tradition, and we are excited to be able to do so through this acquisition”.
Since its creation in 2015, LVMH Métiers d’Art has brought together and coordinates a global network of artisan excellence: a network of number 1s that includes farms, exotic and non-exotic leather tanneries, the world of fabrics and manufacturing, and investments in research and development aimed at innovation in production processes.
In the world of metal, LVMH Métiers d’Art brings together in its community of excellence: the Italian manufacturer M.ON.DE., the Asian one GBJM, founded in 2012 in Taiwan, and the Portugal and France-based Jade Group, and constitutes the world leader among manufacturers of metal components for luxury fashion houses.
LVMH Métiers d’Art invests in its strategic supply chain to access the best materials with absolute guarantees of sustainability, creating a virtuous cycle of innovation, involving local businesses and communities across the five continents.
With a continuously expanding list of international partners, LVMH Métiers d'Art is led by Italian Matteo De Rosa, who has brought the company to exponential growth in its revenue. He comments: "We are grateful for the opportunity to collaborate with a group of highly skilled professionals in achieving new milestones in the metalworking industry. Determined to carry forward the legacy of this excellence with passion and innovation, we are confident that this acquisition will allow us to continue offering our customers extraordinary luxury products and solidify our position as a reference point in the industry."