- HNI Corporation ( NYSE: HNI ) has completed the sale of its China– and Hong Kong–based Lamex office furniture business to Kokuyo Co for $75M.
- Kokuyo is a leading manufacturer and provider of office furniture in Japan and across Asia.
- “Lamex has been a good business for HNI, and we believe Lamex will continue to be successful under Kokuyo’s ownership. The sale of Lamex will further streamline our business portfolio and allow us to better focus on our core strategies. I would like to thank the members of Lamex for their many years of dedicated service and contributions to HNI.” said Jeff Lorenger, HNI Chairman, President and CEO
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HNI Corporation sales Lamex office furniture business for $75M