Lupo Announces deal to buy rival Scalina

The company sets Lupo announced on last Friday (15) an agreement to buy the rival Scalina, confirming report from Reuters published two days before.
According to Lupo, the completion of the deal will take place after the approval by the Administrative Council for economic Defense (Cade).
"You see great synergy between Lupo enterprises. The strategy is to keep the brands working separately, "Lupo in note.
The financial details of the transaction were not disclosed, but a source with knowledge of the matter said that the value of the operation was about R$ 90,000,000.
On Wednesday (13), Reuters reported exclusively that the Group of private equityCarlyle and other Scalina members-including the millionaire Artur Grynbaum and family Heilberg, who founded the company-were in talks to sell the company sets and owner of the famous lingerie brand Trifil, after a series of mishaps that led to a restructuring of debt.
According to three sources heard by Reuters, were advanced negotiations to sell the Scalina for the Lupo.
The underwear of Scalina are sold in about 100 franchised stores of mark Scala, gifts in malls throughout the Brazil. The company employs more than 4,500 people and has three factories.
The Lupo, family-controlled company, sells men''s and women''s underwear, as well as sports apparel and other accessories in over 300 shops