HNI Corporation announced the completion of its acquisition of Steelcase Inc.
The acquisition unites two industry leaders to meet the evolving needs of the workplace amid in-office work trends.
The combined business will have pro forma annual revenues of $5.8 billion.
Acquisition Completion
HNI Corporation has successfully acquired Steelcase Inc.
Financial Impact
The combined business is expected to have pro forma annual revenues of $5.8 billion.
Shareholder Benefits
Steelcase shareholders will receive a combination of cash and HNI common stock based on their holdings.
Operational Enhancements
The acquisition will accelerate investment in long-term operational enhancements and digital transformation.
- The acquisition strengthens HNI's position by combining highly complementary portfolios and capabilities.
- HNI plans to leverage synergies to invest in operational enhancements and customer-centered experiences.
HNI Corporation's acquisition of Steelcase Inc. marks a strategic move to strengthen its market position and enhance operational capabilities.