M&A Deal Summary

HNI Acquires Vermont Castings Group

On October 1, 2014, HNI acquired manufacturer Vermont Castings Group

Acquisition Highlights
  • This is HNI’s 1st transaction in the Manufacturing sector.
  • This is HNI’s 5th transaction in the United States.
  • This is HNI’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2014-10-01
Target Vermont Castings Group
Sector Manufacturing
Buyer(s) HNI
Deal Type Add-on Acquisition

Target

Vermont Castings Group

Paris, Kentucky, United States
Vermont Castings Group is a manufacturer of free standing hearth stoves and fireplaces.

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Buyer(S) 1

Buyer

HNI

Muscatine, Iowa, United States
Category Company
Founded 1944
Sector Furniture
Employees8,100
Revenue 2.4B USD (2023)
DESCRIPTION

HNI is a provider of products and solutions for the home and workplace environments. HNI is a global office furniture manufacturer. HNI was founded in 1944 and is based in Muscatine, Iowa.

DEAL STATS #
Overall 6 of 8
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 3 of 5
State (Kentucky) 1 of 1
Country (United States) 5 of 7
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-19 LSI of America

Minneapolis, Minnesota, United States

LSI Corporation of America, Inc. is a producer and designer of laminate casework systems and related products in the United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Design Public Group

Culver City, California, United States

Design Public Group LLC is an e-commerce distributor of high-design furniture and accessories for the office and home. Design Public Group is based in Culver City, California.

Buy -
Mergr

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