Steelcase to be acquired in $2.2B deal

Grand Rapids-based furniture maker Steelcase purchased by HNI in $2.2B deal

HNI agreed to buy Steelcase in a cash-and-stock deal, as it looks to capitalize on more companies asking employees to return to office.

Steelcase to be sold to Iowa company in $2.2 billion deal

GRAND RAPIDS, Mich. (WOOD) — One of Grand Rapids’ cornerstone companies is being sold. Steelcase announced Monday that the furniture company will be sold to HNI Inc. in a $2.2 billion deal. In a statement, HNI Chairman Jeffrey Lorenger called the move an acquisition that “brings together two respected companies with complementary strengths." Sign up for breaking news alert emails “We have long admired Steelcase for its insight-led approach…

Steelcase to be acquired in $2.2B deal

Grand Rapids’ biggest office furniture manufacturer is being acquired by competitor HNI.

Iowa furniture company to buy Steelcase in $2.2 billion deal

An Iowa-based company is buying Grand Rapids-based furniture company Steelcase Inc.

Steelcase agrees to sell business to competitor in $2.2 billion deal

GRAND RAPIDS, Mich. — Two of the largest workplace furniture companies announced they're merging. Steelcase Inc., founded in 1912 in Grand Rapids, announced it is selling the business to one of its competitors, HNI Corporation. Both companies announced the merger on Monday in a definitive…

HNI to Acquire Steelcase in $2.2B Deal - USA Herald

HNI Corp. unveiled plans Monday to acquire Steelcase Inc. in a $2.2 billion cash-and-stock deal, bringing together two of the most recognizable names in office and home furnishings. The move, steered by Davis Polk & Wardwell LLP for HNI and Skadden, Arps, Slate, Meagher & Flom LLP for Steelcase, promises to reshape how workplaces of the future are built and experienced. Under the agreement, Steelcase shareholders will receive $7.20 in cash and 0…