Italian furniture brand B&B Italia has bought high-end kitchen maker Arclinea, marking "the first major milestone" in its growth since being acquired by investment firm Investindustrial.
Milan-based B&B Italia, which this year celebrates its 50th anniversary, will become the majority stakeholder in Arclinea.
"For B&B Italia this is the first major milestone in the growth and development process that formed the basis of the agreement which we signed with Investindustrial last year," said B&B Italia CEO Giorgio Busnelli.
"B&B Italia now expands its product portfolio into the exciting segment of design kitchens, a segment of primary importance for both residential and commercial business."