Tata, which makes about 8 million dress and casual belts a year, was founded in 1984. It claims to be the largest belt maker in the Western Hemisphere.
“This partnership adds an important link to our growing supply chain, providing Randa and Tata customers with a complete end-to-end solution for men’s leather goods, and an additional competitive advantage,” commented Randa’s SVP of leather merchandising Ed Turner. “This investment enhances not only our source of supply but also our breadth of design, trend analysis and global customer access.”
Added Randa’s David Katz, “Randa will sell over 20 million belts in 2012 and a strong uninterrupted global supply chain with great speed-to-market is essential to our business. This investment enhances our concept-to-consumer quality and efficiency.”
Tata president Rodrigo Toledo said, “This partnership with Randa provides Tata with more working capital for growth and greater access to clients, brands and global retailers. We are now partners in Randa’s globally integrated design, manufacturing, quality assurance, logistics, fulfillment, planning, marketing, and in-store merchandising solution.”
Randa Accessories, which recently acquired Swank for $57.3 million, is a privately held company focused on men’s accessories. Randa designs, manufactures, and markets men’s belts, neckwear, small leather goods, luggage and other categories under its own and licensed brands.