Announced
Financials
Sources
Tags
Majority
Completed
Friendly
Cross Border
home furniture
Private
Italy
Acquisition
Single Bidder
Household Furnishings
Synopsis
Gruppo B&T, a manufacturer of turnkey plants for the ceramic and agglomerated quartz industry, completed the acquisition of Facondini, a provider of home furniture. Financial terms were not disclosed. "We are really satisfied with this acquisition. This is an important step in the evolution of our business. Adding a company like Facondini to our structure offers us new opportunities for the future, further strengthening an expansion that already sees the Dorelan brand in constant growth, thanks to economic data and significant investments that are increasingly consolidating our presence on the Italian market, with important openings also to foreign countries,” Diano Tura and Pietro Paolo Bergamaschi, Gruppo B&T founding partners.
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