Thursday, 26 November, 2020
Schiff Hardin LLP advised Kimball International, Inc. on the deal.
Kimball International, Inc., a leading design driven furniture manufacturer, announced its acquisition of Poppin, Inc., a tech-enabled B2B commercial furniture design company, for $110 million with potential for additional contingent payments equal to $70 million. The acquisition of Poppin is expected to accelerate Kimball’s eBusiness platform, and continues the company’s mission to be a leading omnichannel commercial furnishings design powerhouse supported by strong manufacturing and sourcing infrastructure. The deal was announced on November 4, 2020.
The Schiff Hardin team was led by Lauralyn G. Bengel (Picture) and also included Turner J. Binkley, Olga Bogush, Chris L. Bollinger, Hugo A. Gallegos, Mike Gentine, Lawrence H. Heftman, Ben Leese, David M. Loring, Evgeny Magidenko, Lauren S. Novak, Sara Rosenberg, David S. Sattelberger and Jason L. Zgliniec.