<article>Navis Capital Partners-backed leather maker <a href="http://www.dealstreetasia.com/tags/ISA%20TanTec">ISA TanTec</a> has announced its planned acquisition of American leather manufacturer <a href="http://www.dealstreetasia.com/tags/Auburn%20Leather">Auburn Leather</a>.</article>

Navis Capital Partners-backed leather maker <a href="http://www.dealstreetasia.com/tags/ISA%20TanTec">ISA TanTec</a> has announced its planned acquisition of American leather manufacturer <a href="http://www.dealstreetasia.com/tags/Auburn%20Leather">Auburn Leather</a>.
ISA TanTec, which has four ultra-modern tanneries located in the USA, Vietnam, China, and Italy, said it has signed definitive agreements to acquire the Auburn Leather brand, business, and assets for an undisclosed amount. The transaction is expected to close in the second quarter of this year.
“Key Auburn staff, including Lisa Howlett, will be retained to ensure continued high quality, character and consistency of the Auburn leather laces for which they are known throughout the industry,” said ISA TanTec.
Howlett is Auburn’s longstanding owner. She will join as the Auburn Brand Ambassador and will assist in taking the company to the next level by integrating Auburn into the ISA TanTec Group.
Post the acquisition, Auburn laces will be manufactured in ISA TanTec’s facilities using the former&#8217;s proprietary processes, hides, chemicals, and equipment.
ISA TanTec first entered the US in 2015 by opening its first tannery in the country. With a total investment of $10.1 million, the facility boasts a land size of 210,000 sqm.
In 2016, <a href="http://www.dealstreetasia.com/tags/Navis%20Capital Partners">Navis Capital Partners</a> co-invested with ISA as a strategic partner to support the further growth ambitions of ISA TanTec. The company serves well-known brands like Timberland, Wolverine, Deckers, Keen, Clarks, Danner/LaCrosse, Rockport, and The North Face.
Founded in 1995, ISA has built itself to be a leading supplier of high quality, eco-friendly full grain leather to the footwear and apparel industries. The group specialises in the manufacturing of shoe upper leather, used by global branded footwear manufacturers.
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ISA TanTec said it has signed definitive agreements to acquire the Auburn Leather brand, business, and assets for an undisclosed amount.

Navis-backed leather manufacturer ISA TanTec to acquire Auburn Leather

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Navis-backed leather manufacturer ISA TanTec to acquire Auburn Leather

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