Artek – which was founded in 1935 by Finnish by architect Alvar Aalto and his wife Aino, art promoter Maire Gullichsen and art historian Nils-Gustav Hahl – will continue to operate as a separate entity.
The brand says that ‘synergies…[relating] to manufacturing, distribution and logistics’ between the two companies will be explored.
Artek was previously owned by privately held investment company Proventus.
Artek chief executive Mirkku Kullberg, says, ‘The international dimension, which was a clear goal already in Artek’s founding manifesto of 1935, needed to be revitalised.
‘That arena is where we want to be, and alliances or ownership arrangements are one way of building the future. In our judgment, having an owner from the industry was the best choice for Artek’.
Proventus chief executive Daniel Sachs adds, ‘Vitra has the ideal corporate culture, know-how and industrial resources to take Artek to the next level’.