U.S. office furniture manufacture Haworth has sold its Italian operations, including the Castelli brand, to German management firm mutares AG.
 

The agreement provides for a strong ongoing relationship between Haworth and the new external partner. The Castelli brand will continue to play a key role in the success of Haworth’s North American business as an integral part of the Haworth Collection. Haworth will be the distributor of Castelli products in Europe (outside of Italy) and North America. Castelli will continue to serve as the exclusive distributor of Haworth products in Italy.
 

“The acquisition of Haworth operations in Italy by mutares will increase our organizational agility while maintaining our strong global presence” said Franco Bianchi, Haworth President & CEO.  “Under this new arrangement, Castelli will have the opportunity to spread its wings and fully capitalize on a brand that has been around since 1877 while continuing to leverage Haworth’s global products and distribution.”