B&B Italia becomes the majority shareholder in Arclinea,
a leader in high-end designer kitchens
The agreement foresees the development of a strategic
partnership that leverages the full potential of the respective
product ranges. Combining both companies’ common abilities
to create unique design and innovation through an industrial
approach of excellence.
The operation will enable B&B Italia – the leader for more than
50 years in designer furniture for both indoor and outdoor
environments - the opportunity to expand its product offer, and
to enter into the high-level designer kitchen market segment.
The partnership will also provide Arclinea additional avenues to
substantially accelerate its growth plans worldwide.
B&B Italia has signed an agreement to become the majority partner
of Arclinea. The Fortuna family, the current sole shareholder of Arclinea,
will retain a minority stake, and will continue its role in the operational
management. Silvio Fortuna will remain President of the company.
Giorgio Busnelli, CEO of B&B Italia commented: “For B&B Italia this
is the first major milestone in the growth and development process
that formed the basis of the agreement which we signed with Investindustrial
last year. B&B Italia now expands its product portfolio into the exciting
segment of designer kitchens, a sector of primary importance for both
residential and commercial business. Brand strength, a dedication to research
and innovation, and a global footprint are some of the values shared by the
two brands. The shared mind-set will make it possible to activate synergies
in terms of business development and strategic thinking, which will be a very
exciting task for both of us to accomplish”.
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