mutares AG acquires Castelli from Haworth group

mutares AG, Munich, has acquired Haworth S.p.A., the Italian subsidiary of the American group Haworth Inc., a world leading manufacturer of office furniture, on January 18, 2012. The company will operate in the future under its former long-term brand name Castelli. Castelli generated in 2011 a turnover of EUR 28 million with sales of exclusive office furniture and employs about 250 people at its site in San Giovanni/ Bologna, Italy.

Since 1877, Castelli has been producing innovative office furniture for the premium quality segment. As one of the European market leaders the company serves corporate customers worldwide. To further expand its international business, Castelli has setup a long-term distribution partnership with the Haworth group. Dr. Axel Geuer, founder of mutares AG and member of its executive board, comments on the future development of the company: ”Based on its well established market presence and high level design expertise, Castelli is excellently positioned to quickly exploit new areas of growth. mutares is excited to own a company with the esteemed brand “Castelli” and to partner with a global brand such as Haworth.”