Sportswear manufacturer Cytech acquires Pasasport

Italian manufacturer of pad and palm inserts for cycling apparel, Cytech, has announced the acquisition of a majority stake in Pasasport, a manufacturer of gloves and accessories.

The buyout brings together two manufacturers with a history of innovation in the production of performance cycle clothing, Cytech introducing at Eurobike this year the world’s first 3D printed chamois pad. More than 90 per cent of the company’s turnover is generated in foreign markets and its products are sold in over 40 countries worldwide.

Meanwhile, Pasasport specialises in the design and manufacture of clothing accessories (primarily gloves and shoecovers) for third parties predominantly for the sports segment. Made for leading brands, its Pasasport operates in a variety of sectors from cycling and running to skiing and sailing with three production plants in Italy, Tunisia and Romania.

The private equity firm PM&Partners SGR acquired a majority stake in Cytech in 2021 and since that time they have embarked on an ambitious development plan that also includes a growth strategy for external lines.

Massimo Fregonese, Cytech CEO, “I am very pleased that Pasasport has joined the Cytech – Elastic Interface Group because, in addition to the added value created by this acquisition, our two companies share a cultural and business affinity. When we met Federica Pasato and Alberto Santinello, we immediately felt positive about the strategic vision and the opportunity to integrate the two companies. The acquisition of Pasasport strengthens and highlights the value of our market leadership; it enables us to offer our clients a wider range of services and products with greater added value. The business model, commercial and product development synergies, and complementary technological know-how all allows us to accelerate the expansion of Elastic Interface into new markets and diversify our product offering in the cycling sector and across other sports and to strengthen our international presence with production plants on key continents. PM&Partners has played a fundamental role in this project, providing the considerable strategic, operational and financial support that has made the next important chapter possible in the story of Cytech-Elastic Interface.”