Posted 13th March

Boffi Group buys 50% stake in Italy’s ADL

By KBBDaily on 13th March 2019 - 15:20pm
kitchen, bathroom, italy, boffi, adl, divider, sliding door, manufacturer, furniture, kbb, kbbdaily, acquisition, investment

Italian kitchen and bathroom brand Boffi Group has bought a 50% stake in ADL, an Italian manufacturer of dividers and sliding doors.

ADL was founded in 2004 in Vicenza by Massimo Luca. “I would have not made a similar partnership with anyone other than Boffi,” he said. “We have known and appreciated each other for many years. Their vision stands on a solid industrial know-how, of pivotal importance for mutual growth.”

Boffi Group CEO Roberto Gavazzi added: “Massimo is a genius resource. Having him with us is certainly an added value thanks to the perfect mix of creativity and technical/organisational expertise of his vision.”

In 2015, Boffi acquired furniture design company De Padova, with Luca De Padova – son of De Padova founders Maddalena and Fernando De Padova – taking a 7.5% take in Boffi to become its second main shareholder. De Padova was named president of De Padova and vice president of Boffi.

“Thanks to ADL and its collections, our interior design offer will be even more complete and consistent,” Gavazzi said. ADL will be making its debut at Salone del Mobile in April this year at the Boffi and De Padova stand.

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