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 evelopment and strategic thinking, which will be a very exciting task for both of us to accomplish”.