Kokuyo completed the acquisition of Lamex business from HNI Corporation for $75m.

Kokuyo, a group companies that produces and sells a vast line of stationery goods and office furniture, completed the acquisition of Lamex business from HNI Corporation, a manufacturer of workplace furnishings, for $75m. “Lamex has been a good business for HNI, and we believe Lamex will continue to be successful under Kokuyo’s ownership. The sale of Lamex will further streamline our business portfolio and allow us to better focus on our core strategies. I would like to thank the members of Lamex for their many years of dedicated service and contributions to HNI," Jeff Lorenger, HNI Chairman, President and CEO.