Croatian furniture manufacturer Sinago has been acquired by local business Futura Partners

“Futura took over 100 percent ownership in Sinago. The value of the deal is undisclosed but both the former and the new owners are satisfied with this transaction,” said Ognjen Bagatin, a partner with Futura.

The most part of Sinago's revenue comes from furnishing of sales rooms but the company also wants to develop in the segment of furnishing of residential areas. “Our goal in the next three years is to establish ourselves as an European leader in the segment of luxury interior furnishing,“ said Futura Partners CEO Filip Jelic. “We plan to set up a new line of products under our own brand,” he added.