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Herman Miller, Inc., Announces Strategic Acquisition of Brandrud Furniture, Inc. to Expand Its Product Offerings and Competitive Position in the Healthcare Furnishings Sector.

Publication: PR Newswire
Publication Date: 19-DEC-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
ZEELAND, Mich., Dec. 19 /PRNewswire-FirstCall/ -- Herman Miller, Inc., announced today a definitive agreement to acquire Brandrud Furniture, Inc., a Seattle-based manufacturer of healthcare furnishings. The transaction is expected to be completed in February 2008, pending the conclusion of due diligence. Terms of the transaction were not disclosed.

Brandrud is a manufacturer of healthcare furnishings, with an emphasis on seating products for patient rooms, patient treatment areas, and public spaces such as lobbies and waiting areas. Brandrud also serves the higher education and office markets. The company is expected to have 2007 sales of approximately $20 million. Brandrud and Herman Miller have shared a successful marketing alliance since October 2005.

"This acquisition...

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