Herman Miller to Acquire Knoll, Industry Reacts
On Monday, April 19, it was announced that Herman Miller is set to acquire Knoll in a $1.8 billion cash and stock transaction, an unprecedented deal that will create the largest company in the industry. “This transaction brings together two pioneering icons of design with strong businesses, attractive portfolios, and long histories of innovation. Together, we will offer a deep portfolio of brands, technology, talent, and innovation, to create meaningful growth opportunities in all areas of the combined business,” said Andi Owen, president and chief executive officer of Herman Miller. Following the close of the transaction, expected by the end of the third quarter of calendar year 2021, Owen will serve as president and chief executive officer of the combined company. Andrew Cogan, current Knoll chairman and chief executive officer, plans to depart the combined company after a 30-year career with Knoll. We asked A&D leaders to share their thoughts …
Log in to Continue Reading
