M&A Deal Summary

MillerKnoll Acquires Maharam Fabric

On April 24, 2013, MillerKnoll acquired apparel/textiles company Maharam Fabric for 156M USD

Acquisition Highlights
  • This is MillerKnoll’s 1st transaction in the Apparel/Textiles sector.
  • This is MillerKnoll’s 2nd largest (disclosed) transaction.
  • This is MillerKnoll’s 4th transaction in the United States.
  • This is MillerKnoll’s 1st transaction in New York.

M&A Deal Summary

Date 2013-04-24
Target Maharam Fabric
Sector Apparel/Textiles
Buyer(s) MillerKnoll
Deal Type Add-on Acquisition
Deal Value 156M USD

Target

Maharam Fabric

New York, New York, United States
Maharam Fabric Corporation is a New York-based, global designer and provider of high quality interior textiles for commercial, healthcare, and residential interiors.

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Buyer(S) 1

Buyer

MillerKnoll

Zeeland, Michigan, United States

Category Company
Founded 1905
Sector Furniture
Employees11,300
Revenue 4.1B USD (2023)
DESCRIPTION
Herman Miller's corporate headquarters in Zeeland, Michigan.
Herman Miller's corporate headquarters in Zeeland, Michigan.

MillerKnoll researches, designs, manufactures, and distributes interior furnishings for use in various environments including office, healthcare, educational, and residential settings, and provides related services that support organizations and individuals all over the world. Through research, the Company seeks to define and clarify customer needs and problems existing in its markets and to design, through innovation where appropriate and feasible, products, systems, and services that serve as compelling solutions to such problems. The Company's products are sold primarily through independent contract furniture dealers, direct customer sales, owned and independent retailers, direct-mail catalogs, and the company's online stores. MillerKnoll was formed in 1905 and is based in Zeeland, Michigan.


DEAL STATS #
Overall 6 of 10
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 6 of 9
State (New York) 1 of 1
Country (United States) 4 of 6
Year (2013) 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-03 POSH Office Systems

Hong Kong, China

POSH Office Systems Ltd. is a Hong Kong-based designer, manufacturer, and distributor of office furniture systems, freestanding furniture, seating, and filing and storage.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-17 Design Within Reach

Stamford, Connecticut, United States

Design Within Reach is a provider of distinctive modern design furnishings and accessories. The company markets and sells products from prominent designers, such as Ludwig Mies van der Rohe and Charles and Ray Eames, through four highly integrated sales channels consisting of its studios, catalog, website and direct sales force.

Buy $154M