The Michelmores Corporate team has advised Zoeftig Group on the sale of its business to Spanish company Figueras International Seating.
The Devon based business is a market-leading international seating specialist across a range of sectors including airport seating to healthcare waiting room seating.
Samatha Billingham, Michelmores Partner, said:
“This was a complex cross-border transaction completed in a short time-scale. It has been a pleasure to be involved in the sale to Figueras. I am delighted for both companies as they forge a future together and enter a new phase of growth.”
Paul Williams, CEO of Zoetfig, commented:
“We are delighted that Figueras has recognised the quality of our business, the strong brand and customer base that has been built over the last forty six years. Figueras is well positioned to become a leading player in the global seating market and we are excited that the purchase of Zoetfig is a logical step in the growth of their business.”
