DGAP-News Mutares AG: mutares AG acquires Castelli from Haworth group
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DGAP-News: Mutares AG / Key word(s): Acquisition/Private Equity
Mutares AG: mutares AG acquires Castelli from Haworth group
19.01.2012 / 19:05
mutares AG, Munich, has acquired Haworth S.p.A., the Italian subsidiary of
the American group Haworth Inc., a world leading manufacturer of office
furniture, on January 18, 2012. The company will operate in the future
under its former long-term brand name Castelli. Castelli generated in 2011
a turnover of EUR 28 million with sales of exclusive office furniture and
employs about 250 people at its site in San Giovanni/ Bologna, Italy.
Since 1877, Castelli has been producing innovative office furniture for the
premium quality segment. As one of the European market leaders the company
serves corporate customers worldwide. To further expand its international
business Castelli has setup a long-term distribution partnership with the
Haworth group. Dr. Axel Geuer, founder of mutares AG and member of its
executive board, comments on the future development of the company: ´Based
on its well established market presence and high level design expertise,
Castelli is excellently positioned to quickly exploit new areas of growth.
mutares is excited to own a company with the esteemed brand ´Castelli´ and
partner with a global brand such as Haworth.´
mutares AG, Munich (www.mutares.de), acquires midsized companies in whole
and in part, which are sold as a result of a repositioning process at their
owners and which exhibit a clear operational improvement potential. Getting
engaged with its own teams, mutares actively supports its portfolio
companies to generate significant value increase. The focus of the
operational work is to ensure sustainable, long-term growth.
The shares of mutares AG are listed at the Open Market segment of the
Berlin stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
For further information please contact:
mutares AG
Susanne Staudt
Investor Relations & Corporate Communications
Tel. +49 89 9292776-0
Fax +49 89 9292776-22
info@mutares.de
End of Corporate News
19.01.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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153165 19.01.2012
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