SANTERAMO IN COLLE, Bari, Italy--(BUSINESS WIRE)--With reference to the Bloomberg article dated Friday, April 15, 2013, “Turkey’s Istikbal Furniture Buys Natuzzi’s Brazil Plants” by Benjamin Harvey, which quoted the Turkish newspaper “Sabah”, Natuzzi S.p.A. (NYSE:NTZ) (“Natuzzi” or “the Company”) affirms that the information included in the aforementioned article is incorrect. None of the Brazilian plants that are owned by Natuzzi or its subsidiaries are subject to any kind of sale contract. The Company is currently exploring potential commercial partnerships that would allow for greater utilization of the capacity in its Brazilian plants, but has not entered into any definitive agreement in this respect.
About Natuzzi S.p.A.
Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. designs and manufactures a broad collection of residential upholstered furniture. With consolidated revenues of EUR 468.8 million in 2012, Natuzzi is Italy's largest furniture manufacturer. The Natuzzi Group exports its innovative high-quality sofas and armchairs to 130 markets on five continents under separate brand names, Natuzzi Italia, Natuzzi Editions (only for the Americas region) /Leather Editions and Softaly. Cutting-edge design, superior Italian craftsmanship and advanced, vertically integrated manufacturing operations underpin the Company's market leadership. Natuzzi S.p.A. has been listed on the New York Stock Exchange since May 1993. The Company is ISO 9001 and 14001.
