Poltrona Frau Group acquired JANUS et Cie, a Los Angeles-based luxury outdoor furniture manufacturer, according to a statement.
Executives from Poltrona Frau, a member of the lifestyle design division of Haworth Inc., a Holland-based office furniture manufacturer, cited the company’s goal to enter the outdoor furniture market as a driver for the acquisition.
“Through the acquisition of JANUS et Cie, we will enter the important segment of outdoor furniture, attaining a global leadership position thanks to the value of the brand and the size of the company,” CEO Dario Rinero said in a statement.
JANUS et Cie will maintain its operations in California and executives at the company will retain their positions, according to the statement. The company employs 240 workers throughout its operation.
Terms of the deal, which was announced April 11, were not disclosed.