Furniture fittings specialist acquires German online retailer

Furniture fittings specialist Häfele has announced the acquisition of online household goods retailer Moebelplus.

Subject to the approval of the Federal Cartel Office, Moebelplus will continue to operate as an independent subsidiary of Häfele under the operational management of the two previous managing directors Mathias Grummt and Rico Kellner.

Under the acquisition, Germany-based Moebelplus will “significantly” increase its reach and will be Häfele’s new supplier for electrical appliances, while Häfele sees “great future potential”.

The acquisition adds to Häfele’s other major takeover of lighting manufacturer Nimbus, which took place back in 2019 as the company expanded into the lighting market.