and not for the Brazilianoperation, the CEO added.Ornare isalso negotiating distribution contracts in Canada and Costa Rica, and themarkets in Chile and Angola are also on the companys radar in the short term,Schattan said. The company is also developing a corporate furniture portfoliowhich is projected to be ready to market by late 2014, the CEO said.The companywas founded in 1987 by Murillo and his wife Esther. They are the onlyshareholders, with stakes undisclosed. The couple has two sons - Pitter,Ornares CFO, and Stefan, who manages other family assets.The OrnareMiami store is owned by the company and local investor Claudio Faria, who runsthe store through a distribution agreement, said Schattan.Value USD83m (Revenues in 2012). SourceProprietary Intelligence. FusionGroup looks to expand abroad via acquisitions or JV within 18 monthsLooks toacquire or form a JV in the Far, Middle East or Australia Could expandfurther into South America. Grant Thornton advising. Fusion Group, the UK gas,water and electricity infrastructure company, is eyeing an acquisition or ajoint venture abroad, Chief Financial Officer Neil Green said. The company islooking to expand its manufacturing facilities in the Far, Middle East orAustralia within the next 18 months. Fusion Group is interested in purchasingan existing facility or forming a JV entity with a local partner.The companyis currently exploring opportunities for buys in Vietnam, Malaysia andIndonesia, but would be willing to consider other markets in the region, theCFO said.Fusion Groupis after majority stakes in potential joint ventures, the CFO said, suggestingthat they would be looking to own around 60%, although the structure couldvary. The ideal target or partner would have access to the local market and bealready involved in the utilities sector. The group is also willing to form apartnership with private entrepreneurs.Whenconducting JVs the company uses Grant Thornton as advisors and is likely tomandate them on the potential deal. After expandingin the East or Australia, the company would look at South America, particularlyBolivia, Chile, Brazil and Argentina, Green said.He did notrule out possible acquisitions in the home market, adding however that they arenot looking for targets at the moment.The companywould fund its expansion using a credit line it has opened with Lloyds. The CFOruled out the possibility of cooperation with a private equity firm despiteoften being approached, saying they would rather do it on their own.Some 80% ofthe companys products are produced in the UK, and the rest is manufactured inChina and Egypt. In Egypt thecompany has two JVs with local partners called Fusion Middle East and AcePlastics in which the group owns 60% and private individuals the remainder.Fusion Grouphas two JVs in China as well, one of which is named KEPL located in Kunshannear Shanghai, and in which the group holds a 60% stake and two privateindividuals the remainder.The secondJV is called GH-Fusion, a 50:50 partnership with local partner Hong Kong andChina Gas, a coal gas provider in Hong Kong. GH-Fusion manufactures a range ofelectro fusion fittings and is located in Zhongshan, Guangdong province. Thefacility is set to serve Chinese, South-East Asian and Australian markets.The companyalso has invested GBP 0.7m in Malaysia and GBP 0.1m in Indonesia in 2012, aswell