HNI Corporation will exit its Wayland, New York, manufacturing facility in 2027 and consolidate production into other North American facilities.
The consolidation is expected to improve productivity, strengthen operations, and maintain the product portfolio without changes in offerings.
The closure will impact approximately 135 employees in Wayland, with estimated cost savings of $7.5 to $8.0 million annually once fully mature.
Cost Savings Estimate
Consolidation is expected to save $7.5 to $8.0 million annually by 2027.
Total Cost Synergies
Anticipated $68 million in cost synergies by the end of 2028, including integration benefits from Kimball International.
Employment Impact
Approximately 135 employees in Wayland will face termination due to the consolidation.
- The consolidation is part of HNI's strategic network optimization journey to enhance productivity and meet capacity requirements.
- Anticipated financial impacts include $14.9 million in charges affecting pre-tax earnings in 2026 and 2027, with $5.7 million being non-cash charges.
The decision to consolidate manufacturing facilities reflects HNI Corporation's commitment to operational efficiency and improved customer experiences amid evolving market conditions.