Steelcase Buys Designer Furniture Firm Viccarbe For More Than 30 Million

One of the largest international groups of office equipment and collective spaces, the American group Steelcase, is committed to design made in Spain .

The multinational has closed an agreement to acquire all of Viccarbe Hábitat, one of the leading Spanish furniture firms for its creations and that has managed to make a niche in new workspaces such as coworking.

The operation contemplates that Steelcase will pay 30 million euros in cash for the Valencian firm. A figure that could be increased by 19 million euros in variables, depending on whether the company and its managers achieve certain objectives set during the next five years, as reported by the US company itself.

Viccarbe was founded in Valencia in 2000 by industrial designer Víctor Carrasco and Daniel Benedito, its current CEO. Based on their experience in the world of furniture, they opted for the most avant-garde design to differentiate themselves. To achieve this, the company has enlisted collaborations with global architectural and design talents such as Jean-Marie Massaud, John Pawson, Patricia Urquiola, Piero Lissoni, Naoto Fukasawa and Jaime Hayon.

During these years the company has expanded its equipment activity to more spaces, such as hotels, learning, corporate and even outdoors. The Valencian company closed the 12 months prior to September 2021 with revenues of 14.5 million euros.

Old acquaintances
Steelcase had been collaborating with Viccarbe for a decade. “We hope to drive a strong growth of the Viccarbe portfolio, making it even more accessible to our customers and distributors,” said the senior vice president of the multinational Allan Smith, in the statement on the operation.

The new owner of the Valencian company has a turnover of 2,600 million dollars annually and has 800 distribution points around the world and more than 11,000 workers.

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