Poltrona Frau acquires KJ Ryan
Poltrona Frau, a company of the Haworth Lifestyle group, acquired the majority stake of Kj Ryan, UK company, which employs more than 150 people, focused on the development and production of luxury automotive interior components. KJ Ryan will join the Interiors in Motion Business Unit of Poltrona Frau based in Tolentino (Macerata). The new entity will be a leader in Europe in the development and production of interiors for luxury and highly customized vehicleswill have a turnover of approximately 120 million euros with over 600 employees and 3 production plants in the two countries.
“With the acquisition of Kj Ryan – comments Ervino Riccobon, CEO of Poltrona Frau Interiors in Motion – we will significantly strengthen our ability to collaborate with major car manufacturers in the design, development and supply of top-level interiors in one of the most important markets in the world for luxury cars”. This is echoed by Kevin Ryan who defines himself as “very confident” in this union, “the skills, know-how and credibility that I have built in 40 years of working in the sector have found the best possible platform to be nourished and expanded in the future too” . Finally, for Dario Rinero, CEO of Haworth Lifestyle, “we look forward to continuing this expansion and this success story”
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