Naples, Italy – Vita Group has completed the purchase of IMPE, which was first announced in January. The flexible foam plant was formerly part of furniture company Natuzzi.
Vita Group expands into Italy with EUR6.1m investment
Lewis: Italy is an interesting market
Mark Lewis, Vita Group's operations director, said: 'Italy has been an interesting market for some time, but we have been supplying it from other countries. We have established customers there including IMPE's parent Natuzzi.'
Natuzzi sold the business to concentrate on its core activity of furniture production and retail.
'Vita bought IMPE for EUR6.1m,’ Lewis said. We are replacing an old machine with a new Laader Berg with capacity for 20kT/year and we will be producing foam at that level in a couple of years.'
Radu Borsan will become general manager. He is moving over from a commercial role as head of sales in Italy.
The site in Naples covers 40,000 m2 and includes a foaming department, tank farm, two conversion halls, three warehouses, laboratories and offices. It also has storage and transport facilities.
