Posted 8th Apr 2015

Boffi acquires De Padova

By KBBDaily on 8th April 2015 - 11:12am
Kitchens and Bathrooms

Italian kitchen and bathroom brand Boffi has acquired furniture design company De Padova for an undisclosed sum.

Luca De Padova – son of De Padova founders Maddalena and Fernando De Padova – has acquired 7.5% of Boffi, becoming its second main shareholder. Formerly sole administrator, he takes on the role of president of De Padova and vice president of Boffi.

Meanwhile, Roberto Gavazzi – formerly CEO of Boffi – will now take charge of operational guidance of both brands as CEO.

The strategic alliance announced today will see the two companies merge following the acquisition. However, the two will 'maintain their own different identities, united by the same shared aim of creating a platform of excellence for the design industry'.

Gavazzi said: “The alliance with De Padova is an important example of how two Italian companies are able to take on new global challenges together by creating an ambitious project of growth in a stable balance of resources and skills.”

De Padova added: "Thanks to a partner with a strong distribution network, we will have higher visibility with new exhibiting spaces which are ever more difficult to achieve. I also believe in synergies on larger projects and in the possibility of creating and opening stores together that will represent both companies at their best.”

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