Herman Miller, Knoll to become a joint company

by maz_atta | August 23, 2021 10:28 am

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Herman Miller announced that, after completing the acquisition of Knoll Inc., the combined company will move forward as MillerKnoll.

Herman Miller and Knoll, along with their legacy brands, will continue as distinct brands as part of MillerKnoll. In addition, MillerKnoll will have a new operating model that will ensure strong brand ownership—transforming the industry and redefining modern design.

“We are excited to introduce MillerKnoll, a collective of dynamic brands coming together to design the world we live in,” said Andi Owen, president and CEO of MillerKnoll. “Our industry—and the world in general—is changing rapidly. Design is the way we imagine and shape a better future. In coming together, we will define and lead this transformation, like we have other transformations in our histories.”

Herman Miller and Knoll have deep legacies as industry pioneers and a shared commitment to design, innovation, operational excellence, sustainability, and social good. With the transaction now closed, MillerKnoll will:

• Catalyze the transformation of the home and office through a united portfolio of complementary brands;
• Support and grow existing contract and retail channels, as well as explore new ideas and business innovations to ensure they meet the highest level of manufacturing excellence, customer sales and service, and user experience;
• Comprise global functional teams that serve the entire enterprise, including manufacturing, digital, technology, marketing, strategy, finance, human resources, and legal; and
• Drive growth and profitability with a scaled U.S. and international footprint, maintaining strong brand ownership designed to preserve and nurture the essence of the brands within the combined company’s portfolio, which includes the Herman Miller and Knoll brands.

MillerKnoll now benefits from increased reach and the ability to better serve customers across the contract furnishings sector, residential trade segment, and retail audience. In addition, MillerKnoll is well positioned to enhance engagement with architects and interior designers, who support decision-making for both contract and residential customers.

Herman Miller intends to submit a proposal to its shareholders at its upcoming annual meeting to seek approval of the formal change of Herman Miller’s corporate name to MillerKnoll. At this time, Herman Miller common stock will continue to trade on the Nasdaq under the ticker symbol “MLHR.”

Source URL: https://www.constructionspecifier.com/herman-miller-knoll-to-become-a-joint-company/

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