Figueras has purchased the majority holding in Bude-based airport seating specialist, Zoeftig.
Figueras is a global specialist in the design and manufacturing of high-end fixed seating and movable seating solutions for public spaces.
There are no job losses involved in the deal, while the existing Zoeftig management team will also be retained.
Figueras says that it hopes that Zoeftig will continue to grow in the airport sector but will also increase sales to non-airport waiting areas.
Zoeftig CEO, Paul Williams, said: “This is great news for the whole team here at Bude, for some time now we have recognised our route to further success was to expand our exposure to the non-airport sector and the tie up with Figueras offers us this opportunity.
“It also offers the team here new opportunities in the Figueras Group and this should be seen as a vote of confidence of both the team here in Bude and the region particularly at a time of uncertainty of Brexit.”
Financial terms were not disclosed.