- By country
- By industry
- By topic
- Top 100
BUCHAREST (Romania), September 18 (SeeNews) - Swedish-owned investment company Greenbridge Partners said it has acquired a 75% stake in Romanian furniture group Rus Savitar for an undisclosed sum.
Rus Savitar's founding family will remain on the owners' list and CEO Cristian Rusu will continue to run the business, Greenbridge said in a press release on Tuesday.
"The investment in Rus Savitar is in line with Greenbridge's strategy of collaborating with visionary and result-oriented entrepreneurs like Cristian Rusu. By combining our core strengths we aim to create a foothold in the furniture industry in Central and Eastern Europe," Greenbridge founder Ola Rollen said.
"Together with an experienced international financial investor such as Greenbridge, we have the opportunity to write a new chapter in the history of Casa Rusu. By using the extended production capacity, we aim to increase our product portfolio and to innovate more, as well as to develop our store network, so as to bring value and to be closer to our customers, Cristian Rusu said.
($= 0.9076 euro)