HNI Corporation Acquires Kimball International
June 1, 2023
HNI Corporation has completed the acquisition of Kimball International in a cash-and-stock transaction valued at approximately $485 million. The deal combines two commercial furnishings businesses to create a larger platform with broader product offerings and expected cost synergies.
- Buyers
- HNI Corporation
- Targets
- Kimball International, Inc.
- Sellers
- Kimball International shareholders
- Industry
- Manufacturing
- Location
- Indiana, United States
- Transaction Type
- Buyout
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