Euro Cucina, the UK contractor that supplied the kitchens to One Tower Bridge, will ramp up expansion plans after its Italian parent was bought by a private equity fund.
Italian kitchen designer and manufacturer Snaidero Group, which also owns German brand Rational, said DeA Capital Alternative Funds, run by Italian family investment firm De Agostini, had completed a “majority takeover” of the company.
Massimo Manelli has been brought on as Snaidero Group’s new CEO, while Edi Snaidero will continue as group president of the family business.
Euro Cucina, which supplies Snaidero kitchens to the mid-to-upper end of the UK housebuilder market, said the investment would enable it to speed up its £500,000 expansion plans in new infrastructure in the UK.
It is in the process of building a new office and warehouse and adding a new fleet of delivery vehicles as it seeks to grow its UK business.
The contractor, which works with Berkeley Homes among others, said that the investment would accelerate the timescales that these developments come on stream from 12 to 18 months to end of this year.
“This is great news for the future of Euro Cucina, allowing us to accelerate investment plans in our own warehouse and fleet, helping us to improve further our market-leading service to the UK housebuilding market,” said Euro Cucina UK and Ireland managing director Damon Brisson.
Manelli added: “I will be delighted to work with Damon’s existing team to develop the market, and continue the high level of service the UK market demands.”
Snaidero’s Aria kitchen design (pictured) won the prestigious Chicago Athenaeum Museum of Architecture’s Good Design Award in 2016.