The operation, whose value has not been disclosed, was finalized on January 31. Arteos is based in Torrejón de Ardoz, near Madrid, and its acquisition will bring to Salinas another 50 employees and a 3,000-square-meter production plant. The newly bought factory generates an annual revenue of €6 million.

In a press release, Salinas said it decided to buy the Arteos plant chiefly to satisfy “its clientèle’s demand for new products.” Salinas added that it plans to generate close to €50 million in revenue in fiscal 2024. To do so, it intends to broaden its product range and output capacity, and offer a wide selection of services to its client brands and retailers.

“By establishing a presence in Madrid, we have achieved another of our objectives. With our factories in Barcelona and Alicante, we now operate within a strategic triangle in terms of distribution, and we are able to offer a direct, localized service to national and international clients,” said Salinas.

Salinas was founded in 1995 by Antonio Martinez, and is headquartered in Alicante. It works for brands like Loewe, Givenchy, Kilian, Tous, and Germaine de Capuccini.