Dogtas Kelebek Mobilya Sanayi ve Ticaret A.S. signed memorandum of understanding to acquire 51% stake in Montenegro Wood Sancakli Mobilya A.D. from Sancakli Mobilya Agac San. ve Tic. A.S.

Dogtas Kelebek Mobilya Sanayi ve Ticaret AS, formerly Kelebek Mobilya Sanayi ve Ticaret AS, is a Turkey-based company engaged in the manufacture and marketing of home furniture and related furnishings. The products of the Company include dining room sets, bedroom sets, teenager bedroom sets, baby room furniture, seating groups, kitchen and bathroom units and home textile items, such as bedspreads and linens. It has production facilities located in Duzce with an indoor area of 40,000 square meters. The Company operates two subsidiaries, 2K Oturma Gruplari Insaat ve Taahhut San. ve Tic. AS, involved in retail sale of furniture, and 3K Mobilya Dekorasyon San. ve Tic. AS, which are decoration and design companies. The Company has over 100 sales points in Turkey and abroad. In October 2013, it acquired the remaining 33% stake, which it did not already own, in Kelebek Mobilya Sanayi ve Ticaret AS, an Istanbul-based manufacturer and wholesaler of furniture.