Middleton manufacturer expands into Italy with £6.1 million acquisition Date published: 13 January 2021
Vita CEO Ian Robb
The UK’s leading providers of polyurethane foam, based in Middleton, has expanded into Italy after acquiring a firm for £6.1m.
The Vita Group, which employs 2,700 people across Europe and is headquartered in Middleton, has acquired Italian foam manufacturer I.M.P.E. S.p.A., a wholly owned subsidiary of Natuzzi based in Naples.
Vita expects the £6.1m deal to complete in the first quarter of 2021. It will enable the business to gain an important foothold in Italy, which is the second largest furniture producing country in Europe and one of its largest furniture exporters.