MILAN--Marzotto Group, a 175 year old manufacturer of yarns and blankets, has acquired Redaelli Velluti, an historical silk mill founded in 1893 that closed months ago in bankruptcy. 

Radaelli Velluti has been a manufacturer of jacquard, velvet and plain woven, dyed and finished fabrics for apparel, transportation, furnishing and industrial applications that will receive new life under Marzotto. Further details are not known at this time.

This is Marzotto’s second fabric mill acquisition after the purchase of Ratti, another Italian mill specializing in silk fabrics.

The Marzotto Group manufactures directly for wool and cotton yarns for clothing sector as well as home textiles.  Through equity investment, it also produces silk, wool and linen yarns for knitwear. Marzotto and its other brands include Guabello, Marlane and Tessuti di Sondrio, Estethia - GB Conte and Fratelli Tallia Dolphin Group; Ratti SpA in silk and Lanerossi in the sphere of wool yarns for knitwear and Linificio Canapificio in regard to linen yarns round out the company. Marzotto produces finished products for the home like blankets, duvets, throws, bed runners, cushions, bed linen and terry products; from the raw materials to the finished product, and Marzotto Home Lanerossi brands are vertically integrated with internal production, which Marzotto said allows for complete control of its supply chain.