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.
Inside Chicago’s Merchandise Mart at NeoCon earlier this month, office furniture manufacturers displayed new products that both showcased and contradicted the renewed shift to more private office spaces.
Whether via acquisition or partnership agreements, West Michigan’s office furniture makers are looking to fill product holes with their recent spate of deals.
In the second investment announced in as many days, Herman Miller Inc. acquired a minority stake in a Danish furniture maker.
A West Michigan office furniture company is partnering with an investor group to acquire a Dutch manufacturer of modular walls.