Lupo advanced in its plan to have a new factory in the Northeast. Last week, the company’s shareholders approved the purchase of a unit of Santa Catarina’s Marisol in Pacatuba, Ceará.
According to Lupo, the acquisition is part of the company’s strategy to expand its production capacity and invest aggressively in the sportswear, men’s underwear and pajamas market.
According to the company, which started producing fabric masks at the beginning of the pandemic, the deal should allow Marisol, owner of the children’s brands Lilica Ripilica and Tigor T. Tigre, to reduce production costs and focus on management and distribution channels.
The purchase includes industrial assets and a property with 50 thousand square meters of built area and 150 thousand of total area. Currently, around 850 employees work at the factory in Pacatuba.
The acquisition will still be subject to evaluation by Cade (Administrative Council for Economic Defense), an agency linked to the Ministry of Justice in charge of ensuring free competition in the market.
with Ricardo Balthazar (interim), Andressa Motter e Ana Paula Branco
your subscription may be worth even more
Do you already know the advantages of being a Folha subscriber? In addition to having access to reports and columns, you have exclusive newsletters (find out here). You can also download our free app from the Apple Store or Google Play to get alerts on the day’s top news. Your subscription helps us to carry out independent and quality journalism. Thanks!
your subscription is worth a lot
More than 180 reports and analyzes published each day. A team with more than 120 columnists. A professional journalism that oversees the government, disseminates fruitful and inspiring news, counterpoints the intolerance of social networks and draws a clear line between truth and lies. How much does it cost to help produce this content?
sign the sheet
.
I have over 8 years of experience in the news industry. I have worked for various news websites and have also written for a few news agencies. I mostly cover healthcare news, but I am also interested in other topics such as politics, business, and entertainment. In my free time, I enjoy writing fiction and spending time with my family and friends.