HNI Corporation completed the acquisition of Design Public Group for $50 million.
December 30, 2020
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HNI Corporation (NYSE:HNI) entered into a definitive agreement to acquire Design Public Group on December 1, 2020. The transaction will be funded from the corporation's cash on hand. Matthew Lieb and Todd Thedinga, the joint owners of Design Public Group, will join HNI upon completion of the acquisition. Lieb will serves as President and Todd Thedinga will serve as vice president, finance and operations of Design Public Group. Morgan Ley, Mark Young, Thomas Johnston and Bronwyn Davies from Canaccord Genuity LLC acted as legal advisor to the company in the transaction.
HNI Corporation (NYSE:HNI) completed the acquisition of Design Public Group for $50 million on December 31, 2020.
HNI Corporation is a provider of workplace furnishings and residential building products. The workplace furnishings segment manufactures and markets a line of commercial and home office furniture, which includes panel-based and freestanding furniture systems, seating, storage, benching, tables, architectural products, and social collaborative items. The residential building products segment manufactures and markets a range of gas, wood, electric, and pellet-fueled fireplaces, inserts, stoves, facings, outdoor fire pits and fire tables, and accessories. Its products are sold primarily through independent dealers, office product distributors, eCommerce retailers, and wholesalers but also directly to end-user customers and federal, state, and local governments. Its brands include HON, Allsteel, Beyond, Dâstyle, Gunlocke, Kimball, HBF, HBF Textiles and HNI India. It exports select products through its export subsidiary to North America, principally the Caribbean, Latin America, and Mexico.
HNI CORPORATION 
