Beamonte Investments, via its opportunistic industrial platform Axman Holdings, announced the acquisition of Arcaya, a Mexican footwear manufacturing company, for an undisclosed amount.
(Press Release) Beamonte Investments (¨Beamonte¨) Boston’s leading Investment firm via it’s opportunistic industrial platform (¨Axman Holdings¨) announced that it has acquired a majority stake in Arcaya SA de CV (“Arcaya¨), a company dedicated to manufacturing footwear in Leon, Guanajuato, Mexico. While the acquisition has been completed, the transaction value was not disclosed.
Luis Trevino, Senior Managing Director of Beamonte and Chairman of the Board of Axman said, ¨We are looking forward to working with Arcaya´s management team in the next stage of its growth and profitability.¨
Arcaya has more than 20 years in the market manufacturing shoes for Julio de Mucha, a well-known Mexican fashion brand that also serves clients in Europe and the United States, including many Fortune 500 Brands.
Santiago de Mucha, Founder and CEO of Julio de Mucha said, ¨We are excited to spin off our manufacturing capabilities into Arcaya, and create with Beamonte a platform of solutions for our clients.¨
Raul Pardo, Senior Vice-President of Beamonte added, ¨We will actively support this growth plan and will work to further institutionalize Arcaya. Beamonte’s cash injection will be used for working capital needs and will allow Aracaya to acquire additional equipment, as well as developing its dynamic product pipeline and to strengthen its client relationships.¨