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Investindustrial becomes majority partner in Arclinea

Investindustrial, through B&B Italia, has signed an agreement to become the majority partner of Arclinea Arredamenti, an Italian provider of high-end designer kitchens.

The Fortuna family, the current sole shareholder of Arclinea, will continue to own a minority stake, and at the same time will continue its role in the operational management, with Silvio Fortuna becoming president of the company.
 
Through this agreement, Investindustrial creates a global high-end furnishings player with about EUR200 million turnover (85 per cent of which is exported) and a presence in over 80 countries worldwide.
 
The operation will offer B&B Italia – a designer of indoor and outdoor designer furniture for 50 years – the opportunity to expand its product range into the high-end designer kitchen segment.
 
Through the partnership with Investindustrial, which has identified a high potential for further development in the Italian luxury furniture segment, Arclinea will be able to substantially accelerate its growth plans. Specifically, the agreement provides for the development of strategic partnerships leveraging the full complementarity of the respective product ranges.
 
The transaction will be completed by the end of September 2016, and represents for B&B Italia the first step of a growth plan aimed at further industrial development and global expansion, either through organic growth or selective acquisitions.
 
Giorgio Busnelli, CEO of B&B Italia, says: “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 companies. 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.”
 
"The transaction announced today is perfectly in line with the strategy we devised together with Giorgio Busnelli for the further development of B&B Italia. We are thrilled to have contributed to making this agreement happen,” says Andrea C Bonomi, managing principal of Investindustrial.
 
"Arclinea has a strong reputation for exceptionally innovative and qualitative kitchen designs, and we see a perfect complementarity with B&B Italia’s current product offering. The combination is a great opportunity to strengthen the competitive positioning of the group in global designer furnishings."
 
Silvio Fortuna, president of Arclinea, says: "The core values of our company and our family, are the same as those of Investindustrial and B&B Italia. From this realisation sprang the decision to enter into a partnership and share development projects on the world market. For Arclinea, a global star of the high-end kitchen segment, this will mean a further substantial acceleration of its international development.” 

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