Announced
Completed
Financials
Tags
furniture
Household Furnishings
Majority
commercial furnishings
Domestic
Acquisition
United States
Single Bidder
Friendly
Public
Completed
Synopsis
HNI, one of the largest office furniture manufacturers, completed the acquisition of Kimball International, an omnichannel commercial furnishings company, for $485m. “The completion of the Kimball International acquisition represents a new chapter as we bring together two strong, successful companies with similar cultures and well-established families of brands. The combined companies will have an unmatched comprehensive product offering positioned to benefit from post-pandemic trends. I’m privileged to lead this talented team and look forward to the significant benefits we will deliver to our shareholders, members, dealers, and customers," Jeff Lorenger, HNI Chairman, President and CEO.
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