|This Slide: #4 of 11|
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.
MLHR SEC Filing Email Alerts Service
Open the MLHR Page at The Online Investor »
Hold (2.33 out of 4)
(ranked lower than approx. 89% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite