HNI Corporation Completes Acquisition of Steelcase Inc.

HNI Corporation has completed its acquisition of Steelcase Inc., combining two industry leaders to meet evolving workplace needs. The transaction strengthens HNI's position, creating a leading enterprise with pro forma annual revenues of $5.8 billion. HNI will maintain its headquarters in Muscatine, Iowa, while Steelcase will maintain its headquarters in Grand Rapids, Michigan. The combined business will leverage complementary portfolios, distribution networks, and capabilities to serve customers.