Forte furniture reorganizes ahead of expansion

Fabryki Mebli "Forte" has the consent of the supervisory board to reorganize the company, consisting of the transfer of the branch in Białystok to a new employer, ie Przedsiębiorstwo Handlowo - Usługowe "Specific" with its seat in Supraśl. 

Additionally, Forte plans to get involved in the entity that will be established as a result of PHU Specific's transformation into a commercial company.
"PHU Specific is a manufacturer of upholstered furniture, producing for the domestic and foreign markets, including beds under the New Design brand, with which the issuer has cooperated so far in the supply of products manufactured by PHU Specific. In addition, the issuer informs that in the near future it plans to invest in the entity that will be established as a result of PHU Specific's transformation into a commercial company. The implementation of the planned activities will allow both entities to achieve a synergy effect in terms of complementarity of the offer, optimization of deliveries, as well as optimal use of production capacity and human resources "- reads the release.

In the opinion of the management board, the planned reorganization will allow to fully effectively and functionally use the potential of the capital group, added.

Forte Furniture Factory is a furniture manufacturer, listed on the Warsaw Stock Exchange since 1996. In 2020, the company had PLN 1.16 billion of consolidated revenues.

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