Thélios (LVMH) invests again in Cadore: Metallart of Auronzo acquired
Founded in 1976, the Cadore company specializes in working metal with artisanal techniques such as cutting and minting. «Always - explains the CEO of Thélios, Alessandro Zanardo - one of our main objectives is to grow together with the territory».
AURONZO. Thélios, the eyewear company of the LVMH group, strengthens its presence in the Belluno area with the acquisition of Metallart, a company based in Cima Gogna, Auronzo di Cadore, operating in the craftsmanship of metal.
The operation, completed on Friday 1 July 2022, confirms the central role that the territory plays in Thélios' development plans and the firm will of the company to enhance, through strategic investments, the excellent know-how present in the district of Belluno eyewear.
Founded in 1976 in the center of the Magnificent Community of Cadore, Metallart has been a point of reference for the main companies in the eyewear world for over 45 years, thanks to its mastery in working metal with artisanal techniques such as slicing and minting.
For Thélios it is yet another investment. The company has in fact strengthened its team with almost 300 new hires last year, employing over 250 people in Longarone since the beginning of 2022 to respond to the growing demands of the LVMH Group Maisons which have relied on the Manufacture for the conception, development and the worldwide distribution of their eyewear collections.
«One of the main objectives of Thélios has always been to grow together with the territory - explains CEO Alessandro Zanardo -. Today we confirm this will by announcing the agreement between two realities that make excellence and quality the distinctive feature of their products ».
"This operation - continues the manager - will allow us to expand the production processes even more, bringing in-house specific knowledge and artisan techniques that will be fundamental for the conception and development of the new eyewear collections of the Group's Maisons".
The legal advisor for the operation was MDA.