Joinwell and FXB announce signing of merger agreement
Joinwell and FXB, two of the most well-established and longest standing furniture companies in Malta, have entered into a memorandum of understanding to merge their companies.
The two companies combine 200 years of experience as pioneers in the furniture importation and manufacturing sector. Today, Joinwell is a recognised leader in kitchens, bedrooms, living rooms and other imported furniture whilst FXB is a dominant presence in contract furniture manufacturing, bespoke and office. The FXB Group has in recent years also established a presence in air-conditioning, renewable energy, bathrooms and tiles through their subsidiaries Econetique and Bath Concept.
The merged operations are expected to bring a one-stop shop concept to both their business and retail customer base.
“Our joint potential provided the right impetus to meet our individual ambitions through the merging of the two companies” stated Sebastian de Giorgio, Joinwell’s current CEO and set to become a Joint Executive Director of the merged companies.
He added: “both Joinwell and FXB are very strong brands and have a great track record in the industry. They share very similar traditions and values and already have...