ISA TanTec to partner Navis Capital Group

Leather producer ISA TanTec has entered into a partnership with private equity investment company Navis Capital Group. This agreement allows Navis to become a majority shareholder of ISA TanTec.

ISA TanTec was founded in 1995 and has facilities in China, Vietnam and the USA. It reportedly produces and distributes up to 8.5 million square feet of full-grain leather per month to a number of leading footwear brands.

Tom Schneider is to take up the newly created position of executive chairman, and Uwe Hutzer will become chief executive of ISA TanTec. The company says there will be no major changes in the daily and operational management of the company, with the current management team remaining in place.

Photograph above shows ISA TanTec’s Vietnamese plant.

Publishing Data

This article was originally published on page 6 of the July/August 2016 issue of SATRA Bulletin.

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