Ohio-based Standard Textile reached an agreement to acquire the global hospitality business of Mascioni SPA, Italy, including the Mascioni Hotel Collection brand. The Mascioni Hotel Collection brand markets bed, bath, table and spa products.
The acquisition of the Mascioni global hospitality business advances Standard Textile’s strategy of expanding its position in the hospitality market globally and positions the company for future growth.
Standard Textile will have a design and supply agreement with Mascioni SPA to provide the company an opportunity to manufacture products through Mascioni in Italy, along with Standard Textile’s global manufacturing infrastructure.
The Mascioni Hotel Collection will continue to operate as an independent brand with headquarters in Cincinnati, Ohio.
Standard Textile entered the hospitality market with products exclusively engineered to address the needs of hoteliers, from limited to full-service, boutique, lifestyle and luxury.
Standard Textile also executed a license agreement with Mascioni SPA that provides Standard Textile the exclusive right to manufacture, market and sell Mascioni branded products in the US.
Photo credit: Standard Textile