Business
Everlert Inc. Signs Letter of Intent to Acquire STIRERIE MORETTI and Receives $20 Million Equity Line of Credit Proposal
Everlert Inc. Signs Letter of Intent to Acquire STIRERIE MORETTI and Receives $20 Million Equity Line of Credit Proposal.
About this update from Everlert, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Everlert Inc. Signs Letter of Intent to Acquire STIRERIE MORETTI and Receives $20 Million Equity Line of Credit Proposal\r\n \r\n \r\n\r\n\r\nEverlert Inc. Signs Letter of Intent to Acquire STIRERIE MORETTI and Receives $20 Million Equity Line of Credit Proposal\r\nVertical integration of finishing operations expected to reduce costs and improve margins for Zanieri luxury cashmere business; proposed $20M equity facility to fund continued expansion\r\n\r\n\r\n\r\n\r\n\r\nCORCIANO, Italy, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Everlert Inc. (OTC: EVLI) (\"Everlert\" or the \"Company\") today announced the execution of a non-binding Letter of Intent (\"LOI\") to acquire 100% of the equity quotas of STIRERIE MORETTI S.R.L. (\"Stirerie Moretti\"), an established Italian provider of professional ironing and textile finishing services based in Perugia, Italy. The acquisition represents a strategic vertical integration of the Company's luxury apparel supply chain, bringing critical finishing operations in-house for its Zanieri premium cashmere and knitwear business. Strategic Rationale: Vertical Integration of Zanieri's Supply Chain The acquisition of Stirerie Moretti directly supports the growth strategy of Zanieri, Everlert's core operating subsidiary and one of Italy's leading producers of premium cashmere. Professional pressing and finishing is a required step in the production of all luxury garments before they can be shipped to retail. By acquiring Stirerie Moretti, an existing supplier to Zanieri, Everlert will: \r\n Reduce Production Costs: Eliminate third-party finishing margins and capture supplier profits internally\r\n Improve Profit Margins: Retain finishing revenue that currently flows to outside vendors\r\n Strengthen Quality Control: Bring a critical production step under direct management oversight\r\n Enhance Production Flexibility: Prioritize Zanieri orders and reduce lead times\r\n Deepen Vertical Integration: Extend Zanieri's control of the production cycle from yarn selection through final garment finishing\r\n Zanieri currently controls the full production cycle from yarn selection and treatment through dye science and final garment assembly. The addition of Stirerie Moretti's professional finishing capabilities represents the final link in a fully vertically integrated luxury apparel manufacturing p...