Herman Miller Weaves Deal for Textile Supplier Maharam

April 24, 2013  by in UnCategorized   

By Aggregated Content in Acquisition on April 25, 2013 from http://zephyr2.bvdep.com/version-2013419/FullEditorialNews.serv?databaseContext=Deals&NewsId=14245&product=zephyrneo U.S. office furniture, equipment and home furnishings manufacturer Herman Miller is spending $156 million in cash to gain control of 111-year old interior textiles producer Maharam Fabric in order to expand its speciality and consumer activities.

The New York-headquartered target in question is a fourth-generation family business founded in 1902 by Russian immigrant Louis Maharam. 

Over the intervening years the company has evolved from a source of theatrical costumes and set design in the 1940s to a forerunner of performance-driven textiles in the 1960s.

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