Despite stronger sales, Flexsteel is impeded by foam, container shortage

Furniture giant Flexsteel, number 28 on the FDMC 300, reported strong sales increases for the quarter ending March 31, 2021.

Net sales increased nearly 20 percent to $118.4 million compared to $98.8 million over the same period last year. … Read more

HNI Corp. donates and helps plant 500 new trees around Muscatine for Arbor Day

MUSCATINE — Muscatine is going big to celebrate National Arbor Day Friday.

With the help of HNI Corporation and Muscatine Branching Out, the Muscatine Parks and Recreation Department will host tree plantings Thursday and Friday.

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KI furniture to shut down Mississippi plant, lay off employees

TUPELO, Miss. – Contract furniture manufacturer KI, number 19 on the FDMC 300, will shut down its manufacturing plant in Tupelo, Mississippi – laying off 18 employees.

In a notice to employees, the company said the reason for the … Read more

Hni Corp (HNI) President & CEO Jeffrey D Lorenger Sold $2.1 million of Shares

President & CEO of Hni Corp (30-Year Financial, Insider Trades) Jeffrey D Lorenger (insider trades) sold 51,929 shares of HNI on 04/21/2021 at an average price of $41.14 a share. The total sale was $2.1 million.… Read more

Flexsteel opens new Innovation Center to focus on furniture design, collaboration

A space in the Millwork District’s Schmid Innovation Center now houses a place for designers to collaborate on furniture designs.

Designers with Flexsteel Industries began working last week in the company’s new Innovation Center, 900 Jackson St., less than a

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La-Z-Boy inks long-term renewable energy deal with AEP Energy Partners

  • La-Z-Boy (LZB -0.5%) finalized a 10-year resource-backed virtual power purchase agreement extending through the end of 2030, with AEP Energy Partners, energy subsidiary of American Electric Power.
  • The company’s VPPA will support ~70K MWh of renewable energy annually, from
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Herman Miller Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Merger of Herman Miller, Inc. Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – MLHR

Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Herman Miller, Inc. (NASDAQ: MLHR) and Knoll, Inc. is fair to Herman Miller shareholders. Under the terms of the merger, Knoll shareholders are expected to … Read more

Jim Keane, President and CEO of Steelcase Inc., Announces Retirement

Sara Armbruster to Become President and Chief Executive Officer, Effective October 4, 2021

GRAND RAPIDS, Michigan; April 19, 2021 – Steelcase Inc. (NYSE: SCS) President and CEO Jim Keane, announces he will be retiring on January 7, 2022, after 25 … Read more

Herman Miller and Knoll to Combine, Creating the Preeminent Leader in Modern Design, Catalyzing the Transformation of the Home and Office

Herman Miller, Inc. (NASDAQ: MLHR) and Knoll Inc. (NYSE: KNL) today announced that they have entered into a definitive agreement under which Herman Miller will acquire Knoll in a cash and stock transaction valued at $1.8 billion. The transaction, which … Read more

Steelcase leader Jim Keane to retire; Sara Armbruster named company’s 10th CEO

GRAND RAPIDS — Global furniture maker Steelcase Inc. announced today its timeline for a transition at the company’s top executive role.

Jim Keane, who has served the Grand Rapids-based company as president and CEO for the last seven years and … Read more