Poltronesofa to acquire ScS Group for £99m.

Poltronesofa, a designer and manufacturer of household furniture, agreed to acquire ScS Group, a retailer of furniture and flooring, for £99m. "As the next step of Poltronesofà's pan-European expansion, the Acquisition represents the best opportunity for Poltronesofà to enter the United Kingdom market of upholstery products. Poltronesofà believes it is strategically very well placed to support ScS in the next stage of its development, and by building on the combined industry knowledge and experience and providing the necessary capital to accelerate ScS's ambitions, the Acquisition will help ScS realise its full growth potential," Renzo Ricci, Poltronesofà CEO.