DONGHIA ENTERS THE RUBELLI GROUP
June 20, 2005
Rubelli S.p.A. has reached an agreement on the purchase of the Donghia companies. This transaction was managed and successfully concluded by Rubelli after more than a year of negotiations.
This is the most important investment that the Venice-based company has ever been involved in and it was made possible with the help of four of its business partners: Leclercq, Sahco, Pecci and Seguso.
Rosecrans Baldwin, who for the past nine years has been President & CEO of Bergamo Fabrics (also co-owned by Rubelli), will become President & CEO of Donghia, Inc., in addition to his responsibilities at Bergamo. Mr. William Peterson has been brought in as CFO of both companies. Sherri Donghia, the creative spirit behind the Donghia Group, will continue to be Creative Director and Executive Vice President of Design and Marketing. Ivan Casamassima will be Senior Vice President of Sales. In addition, Ms. Casamassima is Vice President of Hospitality sales at Bergamo Fabrics.
This team of senior managers gives Donghia one of the strongest groups of management talent at any company in the industry, and will enable Donghia to move forward under the overall direction of Rubelli.
June 20, 2005
Rubelli S.p.A. has reached an agreement on the purchase of the Donghia companies. This transaction was managed and successfully concluded by Rubelli after more than a year of negotiations.
This is the most important investment that the Venice-based company has ever been involved in and it was made possible with the help of four of its business partners: Leclercq, Sahco, Pecci and Seguso.
Rosecrans Baldwin, who for the past nine years has been President & CEO of Bergamo Fabrics (also co-owned by Rubelli), will become President & CEO of Donghia, Inc., in addition to his responsibilities at Bergamo. Mr. William Peterson has been brought in as CFO of both companies. Sherri Donghia, the creative spirit behind the Donghia Group, will continue to be Creative Director and Executive Vice President of Design and Marketing. Ivan Casamassima will be Senior Vice President of Sales. In addition, Ms. Casamassima is Vice President of Hospitality sales at Bergamo Fabrics.
This team of senior managers gives Donghia one of the strongest groups of management talent at any company in the industry, and will enable Donghia to move forward under the overall direction of Rubelli.
