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HAWORTH ACQUIRES POLTRONA FRAU GROUP

Charme Investments and Moschini S.r.l. have reached an agreement with Haworth, Inc. for the sale to Haworth of a 58.6% stake in the share capital of Poltrona Frau S.p.A.

HOLLAND, MI - February 5, 2014 - Haworth has announced an agreement to acquire Italy's Poltrona Frau Group.

Read the official press release below.

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Globally, Haworth improves workplaces with award-winning furniture, interior architecture and technology solutions to help customers achieve business goals and transform culture as well as support collaboration and innovation.  Research + design drive a deep understanding of agile workplace needs and are at the center of the company’s strategy.  Haworth is committed to protecting and restoring the environment, creating economic value as well as supporting and strengthening its communities.  Founded in 1948, Haworth remains family-owned and privately-held and serves markets in more than 120 countries through a global network of 650 dealers and 6,000 employees. The company had net sales of US $1.8 billion in 2014.