Steelcase Acquired by HNI Corp.

Muscatine, IO, August 4, 2025-"HNI Corp. and Steelcase Inc. have entered into a definitive agreement under which HNI will acquire Steelcase in a cash and stock transaction, with a total consideration of approximately $2.2 billion to Steelcase common shareholders,” reports Furniture Today.

“This is HNI's second major acquisition in three years; the company acquired commercial furnishings company Kimball International in 2023.”