How to buy a furniture company in Italy

How to buy a furniture company

If you want to buy a Wood & Furniture company in Italy we can help you in the buying process. It is good to have an understanding of the buying process in general. We want to support and educate you in the process of buying a business. This can start with the preparation to the costs to acquire a company. Further information you will find about buying a company are the legal aspects involved. With European business purchases cross border aspects are of importance. Please learn more by reading about buying a company in buying a business.

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Advantages of buying an existing Wood & Furniture company

Buying an existing Wood & Furniture business gives you a head start compared to starting a business from scratch. Acquiring an already established company gives you the advantage of getting operations already in place, an existing client base and brand recognition within the market. Consequently, your time to penetrate the market will be much quicker, cheaper and safer. The main advantages are:

  • Established operations.
  • Relationship already in place with suppliers, distributors and partners.
  • Knowledge of customers’ and final users’ needs and buying behaviour.
  • Knowledge of regulations and legislation.
  • Brand awareness.

This will give you a large benefit compared to starting up a business of your own in Italy or launching a new business line. If you want to read more about the advantages of buying an existing Wood & Furniture company please go to the general page about advantages of buying an existing business.

Main Wood & Furniture topics in Italy

The wood supply chain represents an important wealth generator for the Italian economy. The sector accounts for about 6% of the entire manufacturing GDP. Companies have a long tradition along the entire supply chain, both upstream and downstream activities:

  • Upstream: wood production activities (such as cut, carving and treatment), semi-finished goods production (used in downstream processes).
  • Downstream: products that will be sold to the final user (such as furniture, sofas, chairs, armchairs, tables, mattresses, office furniture, kitchens and fixtures).

Italian companies mainly reach international excellence in the downstream activities. Italy is one of the world’s biggest players in the furniture industry, in which it has traditionally been the world’s leader in wooden furniture production (and exports), only recently overtaken by China. Italian production is characterized by high quality and internationally recognized style.The sector is characterized by the presence of SMEs which operate in industrial districts, areas where companies cluster and often specialise in one part of the supply chain creating, in this way, a strong supplier-customer relationship. This gives them a competitive advantage in terms of speed and quality of design, procurement, production and distribution. The most important clusters for the wood and furniture industry are found in Tuscany (around Poggibonsi, near Siena), Lombardy (Brianza, north of Milan), Triveneto (area in north east of Italy including the regions of Trentino, Veneto and Friuli), Marche (central Italy) and Bari-Matera (southern Italy).

Why to buy a Wood & Furniture company in Italy?

The sector presents many acquisition opportunities both for strategic and financial investors. The presence of small sized companies with leading expertise in the sector and world renowned brands gives solid opportunities for growing the business to better compete in an increasingly globalized economy.The main drivers which fuel the acquisitions in the Wood & Furniture industry are:

  • Increase of product range.
  • Increase of economies of scale.
  • Geographical expansion.
  • Vertical integration.
  • Brand acquisition.

Some of the recent transactions in the Wood & Furniture sector:

  • Hcg (Taiwan-based bathroom fixture producer) and Thermos (Taiwan-based consumer products producer) bought Berloni (kitchens).
  • Poltrona Frau (leather seating) bought Cassina (furniture).
  • Noctis (beds and sofa) bought Bontempi (beds).

Buying an Wood & Furniture company in Italy

If you want to buy a Wood & Furniture business in Italy, please get in touch with us. The advisors of CFIE will help you to purchase a Wood & Furniture company in Italy and assist in every step of the buying process. We can bring you suited Wood & Furniture companies open for a business sale.

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