Former Herman Miller Inc. President and CEO Brian Walker joined Detroit-based private equity firm Huron Capital as a partner in charge of strategic leadership for portfolio companies.
West Michigan-based contract furniture makers Steelcase Inc. and Herman Miller Inc. expect to maintain sales momentum going into 2019.
Whether the West Michigan manufacturing industry continues on an ongoing growth trend in 2019 or veers into a contraction remains uncertain. Economist Paul Isely, associate dean for undergraduate programs in the Seidman College of Business at Grand Valley State University, uses automotive, furniture, agriculture, and “amazingly nowadays” aerospace manufacturing to find the pulse of where the region’s economy is headed in the coming months and years.
Contract furniture manufacturer Herman Miller Inc. today reported strong quarterly sales and earnings gains.
As the U.S. wades deeper into a trade war with countries including China, West Michigan-based office furniture manufacturers have been forced to raise prices and re-evaluate their supply chains to mitigate risks.
Steelcase Inc. and Herman Miller Inc. each posted strong sales and earnings for their most recent quarters and expect growth to continue into the current period.
Before Landscape Forms Inc. acquired Kornegay Design last year, the Kalamazoo-based designer and manufacturer of site furniture, accessories and lighting mulled several acquisition targets that shared its design culture and core beliefs.
New tariffs and an escalating global trade war in recent weeks have stoked fears that global manufacturers will move production outside of the United States to protect their margins.
Industry headwinds such as steel and aluminum tariffs and new disruptors are forcing many West Michigan office furniture makers to deal with new challenges.