Natuzzi Announces the Closing of the Sale of Impe S.p.A. to the Vita Group
March 01 2021 - 4:30PM
Business Wire
Natuzzi S.p.A. (the “Company” and, together with its
subsidiaries, the “Group”) announced today the successful
completion of the transaction contemplated by the agreement that
the Company and the Vita Group (or “Vita”) entered into on January
8, 2021 (the “Agreement”).
Pursuant to the Agreement, Vita Italy S.r.l., a wholly-owned
subsidiary of The Vita Group, has acquired, effective today, the
entire share capital of I.M.P.E. S.p.A., a formerly wholly-owned
subsidiary of the Company dedicated to the production of flexible
polyurethane foam and based in Naples, Italy.
As previously disclosed, this transaction is part of the
Company’s strategy to review its value chain and streamline the
Group’s manufacturing processes, focusing on value-added activities
within its Italian factories.
About Natuzzi
Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. is Italy’s
largest furniture house and one of the most important global
players in the furniture industry with an extensive manufacturing
footprint and a global retail network. Natuzzi is the European
lifestyle best-known brand in the upholstered furnishings sector
worldwide (Brand Awareness Monitoring Report - Ipsos 2018) and has
been listed on the New York Stock Exchange since May 13, 1993.
Always committed to social responsibility and environmental
sustainability, Natuzzi S.p.A. is ISO 9001 and 14001 certified
(Quality and Environment), OHSAS 18001 certified (Safety on the
Workplace) and FSC® certified (Forest Stewardship Council).
About The Vita Group
The Vita Group is Europe’s leading flexible foam solutions
provider. Built on 70 years of heritage, Vita develops,
manufactures and markets a wide range of value added and
differentiated flexible polyurethane foam and Talalay latex and
flooring products.
Vita's three divisions – Comfort, Technical and Flooring – cater
for customers across a broad set of industries including
Bed-in-the-Box mattresses and bedding, furniture, hygiene and
medical, mobility, construction and flooring. The company's
pan-European operating base is well positioned to serve local,
regional and multi-national customers across Europe and provide
innovative and value-added products and applications across the
world.
Vita has responded to the urgent need for products and materials
to support healthcare, care homes, medical and hygiene applications
during the COVID-19 emergency. The Company is currently delivering
products for medical mattresses, filters for ventilators, PPE mask
inserts, and many other healthcare relate products. For more
information, please visit www.thevitagroup.com
CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING
STATEMENTS
Certain statements included in this press release constitute
forward-looking statements within the meaning of the safe harbor
provisions of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934, as amended. These
statements involve risks and uncertainties that could cause the
Company’s actual results to differ materially from those stated or
implied by such forward-looking statements. Additional information
about potential factors that could affect the Company’s business
and financial results is included in the Company’s filings with the
U.S. Securities and Exchange Commission, including the Company’s
most recent Annual Report on Form 20-F. The Company undertakes no
obligation to update any of the forward-looking statements after
the date of this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20210301005764/en/
Natuzzi Investor Relations Piero Direnzo | tel.
+39.080.8820.812 | pdirenzo@natuzzi.com
Natuzzi Corporate Communication Vito Basile (Press
Office) | tel. +39.080.8820.676 | vbasile@natuzzi.com
The Vita Group Alison Vesey – Corporate Marketing &
PR Manager alison.vesey@thevitagroup.com Gilbert Davids – Managing
Director Comfort Division gilbert.davids@thevitagroup.com Tomas
Stachura – Regional Director South Europe
tom.stachura@thevitagroup.com
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