HNI Corporation has announced the acquisition of Steelcase Inc.. According to the company announcement HNI Corporation is a manufacturer of workplace furnishings and residential building products, operating through two distinct segments. Its Workplace Furnishings segment is a leading global designer and provider of commercial furnishings, marketing its products under multiple unique brands. The Residential Building Products segment is recognized as the nation’s leading manufacturer and marketer of hearth products, offering a comprehensive range of gas, electric, wood, and pellet-burning fireplaces, inserts, stoves, facings, and accessories. HNI Corporation recently entered into a definitive agreement to acquire Steelcase Inc. in a cash and stock transaction valued at approximately $2.2 billion, aiming to enhance customer reach and accelerate strategic initiatives. This acquisition is expected to create a combined company with pro forma annual revenue of approximately $5.8 billion and annual run-rate synergies of $120 million.

To learn more about HNI Corporation, visit https://www.hnicorp.com
Company LinkedIn Page: https://www.linkedin.com/company/hni-corporation/

Company Contact:

HNI Corporation
600 E Second Street Muscatine, IA 52761
563-272-7400

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