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Announced

Completed

HNI completed the acquisition of Kimball International for $485m.

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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