M&A Deal Summary

Steelcase Acquires Ultra Group Company

On September 14, 2007, Steelcase acquired furniture company Ultra Group Company for 13M USD

Acquisition Highlights
  • This is Steelcase’s 2nd transaction in the Furniture sector.
  • This is Steelcase’s 3rd largest (disclosed) transaction.
  • This is Steelcase’s 1st transaction in China.

M&A Deal Summary

Date 2007-09-14
Target Ultra Group Company
Sector Furniture
Buyer(s) Steelcase
Deal Type Add-on Acquisition
Deal Value 13M USD

Target

Ultra Group Company

Hong Kong, China
Ultra Group Company Ltd. is an office furniture manufacturer in China.

Search 196,055 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Steelcase

Grand Rapids, Michigan, United States

website


Category Company
Founded 1912
Sector Furniture
Employees11,000
Revenue 2.8B USD (2022)
DESCRIPTION
Entrance to Steelcase's corporate headquarters in Grand Rapids, Michigan.
Entrance to Steelcase's corporate headquarters in Grand Rapids, Michigan.

Steelcase is an entity provides an integrated portfolio of furniture settings, user-centered technologies and interior architectural products across a range of price points. The Company's furniture portfolio includes panel-based and freestanding furniture systems and complementary products such as storage, tables and ergonomic worktools. The Company's seating products include chairs which are highly ergonomic, seating that can be used in collaborative or casual settings and specialty seating for specific vertical markets such as healthcare and education. Steelcase's technology solutions support group collaboration by integrating furniture and technology. The Compay's interior architectural products include full and partial height walls and doors. Steelcase was founded in 1912 and is based in Grand Rapids, Michigan.


DEAL STATS #
Overall 3 of 5
Sector (Furniture) 2 of 4
Type (Add-on Acquisition) 3 of 5
Country (China) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-06 Softcare Innovations

Waterloo, Ontario, Canada

Softcare Innovations Inc. is a manufacturer of healthcare furnishings, with headquarters in Waterloo, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Custom Cable Industries

Tampa, Florida, United States

Custom Cable Industries, Inc. is a manufacturer of voice, data and signal connectivity cables, assemblies and systems.

Sell -