Zordan group acquires Woodways International
(AGI) Venice, June 22 - The Zordan group in Vincenza, whichproduces furnishings for monobrand high-end shops, has acquiredU.S. Woodways International, which makes custom-made furniturein Michigan. The 2.55 million dollar deal involved a three-stepplan, said Zordan's Commercial Director Alfredo Zordan.Following the acquision of 33 percent of Woodways Internationalshares, which had already taken place, another 33 percent wouldbe transferred in 2015, and the group would take over the final33 percent by 2017. Zordan had a 16 million euro consolidateddebt in 2014, with earnings before interest, taxes,depreciation and amortisation (EBITDA) of 2.3 million