Italian furniture manufacturer Zanotta has been bought by US office furniture group Howarth.
The deal sees Zanotta join Cassina, Cappellini, Ceccotti, Karakter, Poltrona Frau, Luxury Living, JANUS Et Cie, Luminaire and Interni as part of the US$2bn manufacturer’s brands.
Haworth entered the Italian furniture market in 2014, paying US$270m for a 58.6% shareholding in Poltrona Frau Group (rebranded as Haworth Lifestyle Design), which previous owner Charme had expanded by buying Cappellini and Cassina.
Zanotta – best known for iconic designs such as the Maggiolina chaise-longue, Sciangai coat stand, Sacco armchair, Tonietta chair, Mezzadro stool, Leonardo table, Allunaggio outdoor seat and Quaderna table – has sales of €25m.
‘Following these years of intense work, which have brought Zanotta back into the spotlight, I am happy that this wonderful company can continue its journey side by side with an important player like Cassina, who will help it to make the most of its potential,’ says Giuliano Mosconi, Tecno/Zanotta group ceo.
Tecno bought a majority stake in Zanotta in 2017.
‘With the arrival of Zanotta we have added another shining star to our bright sky, confirming HLD group’s vocation to identify, attract and develop the best organisations from the global design scene. I warmly welcome our new colleagues who, thanks to their commitment, have been evolving this wonderful brand every day for the past 70 years, while I remember with respectful admiration Aurelio Zanotta, the company’s founding father, visionary and master of the great history of Italian design,’ says Haworth Lifestyle Design ceo.
