FORMANI, a globally renowned luxury brand in architectural hardware announces that it has entered into a partnership with NewPort Capital. With the help of NewPort, FORMANI will be able to accelerate its international growth and broaden its offering in luxurious interior hardware. Pim Aarts together with Nicol Vermeer will continue to manage the company.
Since its founding in 1995, FORMANI has developed from an importer of door hardware to the globally renowned brand with a total interior design concept of today. Under the leadership of Pim Aarts, beautiful collaborations have been established with top international designers and its broad collection has always been of high class. With its collections, FORMANI offers a total range in the high segment and with this the perfect finish for its customers.
In recent years, FORMANI has experienced significant international growth, driven by the entrepreneurial character of Pim and supported by a strong team. Dennis Hofmans, Investment Director at NewPort, comments: "The development of FORMANI in recent years has been admirable. FORMANI has positioned itself as an internationally recognized luxury brand and works with the international top in design and architecture. Everything within the company exudes its slogan "Obsessed with Details". We share the drive that emanates from this and believe that together with Pim, Nicol and the rest of the team we can develop a very successful international group in the field of architectural hardware. We are therefore very much looking forward to working together."
Pim Aarts adds: "At FORMANI, we believe in the power of teamwork. Collaborations with designers are chosen by FORMANI based on shared core values, passion for design, eye for detail and high standards of quality and craftsmanship. In NewPort we found a partner who believes in these values and gives us the confidence to realize our ambitious growth strategy, both organically and through strategic acquisitions. With its broad network and knowledge and experience in achieving international growth and broadening of offerings for our customers, NewPort offers us the right support."
NewPort focuses on investments in established Dutch companies with annual operating profits of €2 to €10 million in the following sectors: ICT, food, packaging, manufacturing and financial and business services. NewPort enjoys working with - and supporting - entrepreneurial management teams in realizing autonomous and acquisitive growth.
See also www.newport.capital
FORMANI is a globally renowned luxury brand in architectural hardware. The collections, from door hardware to a total concept, are developed in collaboration with top international designers such as Gensler, David Rockwell, Lázaro Rosa-Violán and Piet Boon. FORMANI is based in Maastricht, the Netherlands, and sells its products in more than 50 countries through retailers, architects or project developers.
See also www.formani.com