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From Home Furnishing Business

Herman Miller Completes Acquisition of Knoll

Herman Miller (NASDAQ: MLHR) has announced that it has completed its previously announced acquisition of Knoll, Inc. (NYSE: KNL), creating the preeminent leader in modern design.

The combined company comprises 19 leading brands, a presence across more than 100 countries worldwide, a global dealer network, 64 showrooms, more than 50 physical retail locations, and global multichannel e-commerce capabilities. Herman Miller, Knoll, and their legacy brands will continue to operate as distinct brands.

"The closing of this transaction is the first step to realizing the great benefits of this combination, and I want to thank the teams at Herman Miller and Knoll for their incredible efforts which enabled us to reach this milestone," said Andi Owen, president and CEO of Herman Miller. "We are especially pleased to have completed the transaction quickly, which allows us to swiftly begin taking advantage of the strengths of the combined company. We are a group of people and brands guided by a shared vision, common values, and a steadfast commitment to design. Together, we can be truly inclusive, design for everyone, and care for our planet. With a broader portfolio, scaled global footprint, and advanced digital capabilities, we will be poised to meet our customers everywhere they live and work."

As previously announced, the combined company will be led by Herman Miller President and CEO Andi Owen. In addition to Owen, the combined company will be led by a world-class management team made up of executives from both Herman Miller and Knoll.







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