Posts

HNI Corp report 1st quarter sales down 5.1%

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Saturday, 27 April, 2019

 

HNI Monday announced sales for the first quarter ended March 30, 2019 of $479.5 million and net income of $1.0 million. GAAP net income per diluted share was $0.02 compared to $0.06 in the prior … Read more

Narbutas more than doubled turnover since 2016

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Tuesday, 5 February, 2019

The Lithuanian furniture manufacturer Narbutas continues to develop with enormous speed into a major player on the international office furniture market. Turnover grew by 47% in 2018 to around € 75 million, of which 88% was … Read more

Germany’s Assmann buys into Frem’s screen business

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Friday, 7 December, 2018

The family-owned business has taken a stake In the British company’s screen division.

Assmann, one of Germany’s leading office furniture manufacturers with expected sales this year of 130M Euros, will become a shareholder in Frem … Read more

Groupe Lacasse acquires VIA Seating

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Friday, 7 December, 2018

The Groupe Lacasse Board of Directors is proud to announce the acquisition of Via Seating, a company based in Sparks NV, USA that specializes in the design and manufacture of high quality commercial seating products. … Read more

Isku acquires part of OffiStore

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Saturday, 1 December, 2018

Isku has signed an agreement to acquire 45 percent share of OffiStore Oy. The acquisition will be effective immediately. OffiStore Oy sells used office furniture in good condition allowing Isku to market second hand office … Read more

VDB acquires Nomique Seating

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Friday, 26 October, 2018

VDB has signed an agreement to acquire 100% shares of Nomique Seating Ltd, a UK company that designs and produces task chairs and soft seating.  VDB Group is Netherland’s largest manufacturer of education and project … Read more

Viasit announces cooperation with KI (USA)

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Viasit has entered into an agreement with KI that KI, one of the world’s leading manufacturers of office furniture. KI will produce several variants of the award-winning “Drumback” office chair and sell them as private label KI product through its … Read more

Takkt AG acquires Brittish Equip4Work

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Takkt AG has acquired 100 percent of the shares of Equip4Work Ltd. Signing and closing of the transaction took place on January 29. The company generated sales of roughly 40 million pounds and an ebitda margin in the low double-digit … Read more

Merger of Holmris and B8 – New Holmris B8 in European Top 10

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Holmris and B8 have signed an agreement to merge the two companies. The merger of the two large office furniture factories based in Bjerringbro, Denmark, is also the story of two families who find themselves in a new strong common … Read more

Bene and Neudörfler acquire Hali and Svoboda

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The investment company BGO, led by Erhard Grossnigg and former Minister Martin Bartenstein, has bought the Austrian office furniture manufacturer Hali. In addition, the company has taken an option on all shares of Svoboda declared bankrupt last week. BGO … Read more