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Slide #4. Herman Miller, Inc. — Maharam Fabric Corporation
Herman Miller, Inc. (NASDAQ:MLHR)
Maharam Fabric Corporation
Herman Miller, Inc. (NASDAQ: MLHR), today announced an agreement to acquire Maharam Fabric Corporation ("Maharam"), a New York-based, global designer and provider of high quality interior textiles for commercial, healthcare, and residential interiors. The transaction is scheduled to close April 29, 2013. Maharam, with revenues of approximately $105 million in 2012, will be purchased for approximately $156 million in cash.
Herman Miller researches, designs, manufactures, sells and distributes interior furnishings, for use in various environments, and provides related services. Co. has four segments: North American Furniture Solutions, which designs, manufactures and sells furniture products for work-related settings in U.S. and Canada; ELA Furniture Solutions, which designs, manufactures and sells furniture products in the Europe, the Middle East and Africa, Latin America, and Asia-Pacific regions; Specialty, which designs, manufactures and sells furniture products and textiles; and Consumer, which sells furnishings and accessories to third party retail distributors, and direct to consumer sales.
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Hold (2.50 out of 4)
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