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Announced

Knoll acquired Oregon-based Fully for $35m.

Financials

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Transaction Value£28m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

furniture retail

Acquisition

E-commerce

e-commerce

Private

Friendly

Single Bidder

Synopsis

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Knoll, a design firm that produces office systems, seating, files and storage, tables and desks, textiles, and accessories for the office, home, and higher education settings, acquired Oregon-based Fully, an e-commerce furniture brand, for $35m. Andrew Cogan, Knoll Chairman and CEO, stated, “We are pleased to welcome the Fully team to the Knoll constellation of brands. This acquisition aligns with our strategy to reach clients wherever and however they work. Fully’s design-driven products and unparalleled commitment to customer service reflect our goal to reach new consumers and small businesses, while broadening our range of products and price points as well.”

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