Elastic Interface owner, Cytech, takes over Pasasport

SAN VENDEMIANO, Italy – Cytech, who manufactures pads and palms for cycling apparel under the Elastic Interface brand, has acquired a majority stake in Italian accessory and glove manufacturer, Pasasport. “The takeover allows us to accelerate the expansion of Elastic Interface into new markets and diversify our product offering in the cycling sector and across other sports,” explains Cytech CEO, Massimo Fregonese.

Private equity firm, PM&Partners SGR, acquired a majority stake in Cytech in 2021 and, together, they embarked on an ambitious development plan that included a growth strategy for external lines. The first milestone in this plan has been reached with the acquisition of a majority stake in Pasasport.

A wider range of services

“The acquisition of Pasasport strengthens and highlights the value of our market leadership; it enables us to offer our clients a wider range of services and products with greater added value,” explains Fregonese. Pasasport, established in 1973, is a family-run