Expected acquisition will add to the company’s expanding community of brands, providing designers and customers with an extensive range of wood furnishings and fueling the growth of Halcon.
Announced Oct. 27, Steelcase's $35 million (£30 million) purchase includes Viccarbe's outstanding capital stock. The contract furniture giant has had a partnership with Viccarbe for more than 10 years.
Steelcase, the largest contract furniture in North America, announced that 300 salaried employees - or 8 percent of its total workforce - will leave the company through "early retirements, voluntary separations, and involuntary separations."
An Italian furniture brand and manufacturer, Mattiazzi specializes in combining traditional craft with state-of-the-art machinery and an environmentally-friendly, energy-efficient infrastructure.