Sanlorenzo acquires majority stake in Italian firm
Sanlorenzo has acquired a further 33 per cent stake in Italian artisanal furniture producer Duerre.
The news comes after Italian luxury yacht builder Sanlorenzo acquired a minority 33 per cent stake in the firm in April 2022 — therefore giving Sanlorenzo a 66 per cent majority stake.
Since the 1940s, Duerre has been producing high-end furniture mainly for superyachts, as well as for residential real estate, offices, hospitality, and commercial buildings.
In a statement, Sanlorenzo says the acquisition of Duerre’s majority ‘represents a strategic opportunity for Sanlorenzo within its path towards vertical integration in key supply chains.’
The law firm Musumeci, Altara, Desana and Associates assisted Sanlorenzo in the negotiation of contractual aspects, with a team composed by name partner professor Toti S. Musumeci, together with the senior associate Leonardo Musumeci.
