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 what he describes as a “good year,” Michael Jones was involved in closing 20 transactions in late 2015 and the first half of 2016 that had a collective value of $1.5 billion.
Here is the MiBiz Growth Report for April 18, 2016:
• M&A: Poltrona Frau Group acquired JANUS et Cie, a Los Angeles-based luxury outdoor furniture manufacturer, according to a statement. Poltrona Frau is a member of the lifestyle design division Haworth Inc., a Holland-based office furniture manufacturer. Executives cited Poltrona Frau’s goal to enter the outdoor furniture market as a driver for the acquisition. JANUS et Cie will maintain its operations in California and executives at the company will retain their positions, according to the statement. The company employs 240 workers throughout its operation. Terms of the deal were not disclosed.