Haworth Inc. To Buy Majority Stake In Italy Furniture Co.

Law360, New York (February 5, 2014, 3:34 PM EST) -- Haworth Inc. will acquire a majority stake in Italian furniture maker Poltrona Frau Group from the maker's two largest private equity investors for an undisclosed amount in a deal expected to bolster both businesses, the companies said Wednesday.

Haworth will acquire a 58.6 percent stake in Poltrona Frau from the company's two largest investors, Charme Investments and Moschini SRL, who are giving up a 51.3 percent stake and 7.3 percent stake, respectively, to Haworth. According to a Wednesday joint press release from the companies, the price per...
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