- In July 2022, HNI Corporation announced the completion of its sale of the Lamex office furniture company to Kokuyo Co., Ltd. for USD 75 million. The transaction included Lamex's operations in China and Hong Kong. This strategic move allowed HNI Corporation to streamline its focus on core businesses and optimize its portfolio. Kokuyo Co., Ltd., a prominent office furniture manufacturer, acquired Lamex to expand its market presence in the Asia-Pacific region, leveraging Lamex's established operations and customer base to strengthen its position in the global office furniture market
- In July 2021, the merger of Herman Miller and Knoll created a dominant leader in contemporary design, impacting both home and workplace environments. This strategic alliance combined two iconic brands known for their innovative and stylish furniture, resulting in a powerhouse in the design industry. The merger aimed to leverage their complementary strengths, expand their product offerings, and enhance their market presence. As a result, customers can expect a broader range of high-quality, aesthetically pleasing furniture solutions that cater to modern living and working spaces, driving forward the evolution of design in both sectors
- In July 2022, Kokuyo Co., Ltd. acquired HNI Corporation's Lamex Office Furniture business for USD 75 million. This transaction, completed in July 2022, included Lamex's operations in China and Hong Kong. The acquisition allows Kokuyo to strengthen its presence in the Asia-Pacific region, leveraging Lamex's established market and customer base. This strategic move aligns with Kokuyo's goal to expand its global footprint and enhance its product offerings. The deal also enables HNI Corporation to focus on its core businesses and optimize its portfolio, while Kokuyo benefits from Lamex's expertise in the office furniture industry
- In April 2022, Fursys Inc. and Sidiz Inc. agreed to sell FURSYS VN Ltd. to Fursys Inc. for KRW 50 billion. The transaction board resolution was made on April 22, 2022, and the deal was scheduled to close on May 6, 2022. This acquisition strengthens Fursys Inc.'s position in the market, allowing them to consolidate their operations and expand their influence in the industry. By integrating FURSYS VN Ltd. into their portfolio, Fursys Inc. aims to enhance their production capabilities and market reach, ultimately driving growth and innovation within their business
