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M&A Deal Summary

Kimball International Acquires Poppin

On November 4, 2020, Kimball International acquired furniture company Poppin for 180M USD

Acquisition Highlights
  • This is Kimball International’s 2nd transaction in the Furniture sector.
  • This is Kimball International’s largest (disclosed) transaction.
  • This is Kimball International’s 2nd transaction in the United States.
  • This is Kimball International’s 1st transaction in New York.

M&A Deal Summary
Date 2020-11-04
Target Poppin
Sector Furniture
Buyer(s) Kimball International
Deal Type Add-on Acquisition
Deal Value 180M USD
Advisor(s) Cooley (Legal)

Target

Poppin

New York, New York, United States
Poppin, Inc. designs fresh and clever commercial-grade furniture that is made to mix, match, and scale in today’s modern office and work-from-home environments. Poppin has combined its digitally native platform, with a 17-person salesforce and network of five showrooms to rapidly become one of the industry’s leading disruptors primarily serving small to medium corporations and the direct to the consumer market. Poppin was founded in 2009 and is based in New York City.

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Buyer(S) 1

Buyer

Kimball International

Jasper, Indiana, United States
Category Company
Founded 1939
Sector Furniture
Employees2,410
Revenue 569M USD (2021)
DESCRIPTION

Kimball International is a provider of furniture for the office and hospitality markets sold under our family of brand names - Kimball Office, National Office Furniture, and Kimball Hospitality. Kimball International was founded in 1939 and is based in Jasper, Indiana.

DEAL STATS #
Overall 2 of 2
Sector: Furniture M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: New York M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2020 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-19 David Edward

Baltimore, Maryland, United States

David Edward is a designer and manufacturer of contract furniture, sold in the healthcare, corporate, education and premium hospitality markets. David Edward was founded in 1963 and is based in Baltimore, Maryland.

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