Add-on Acquisition • Furniture

Steelcase Acquires Smith System Manufacturing Co.

On June 8, 2018, Steelcase acquired furniture company Smith System Manufacturing Co.

Acquisition Context
  • This is Steelcase’s 3rd transaction in the Furniture sector.
  • This is Steelcase’s 2nd transaction in the United States.
  • This is Steelcase’s 1st transaction in Texas.

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M&A Deal Summary

Date June 8, 2018
Target Smith System Manufacturing Co.
Sector Furniture
Buyer(s) Steelcase
Deal Type Add-on Acquisition

Target Company

Smith System Manufacturing Co.

Plano, Texas, United States
Smith System Manufacturing Co. is a manufacturer of high quality furniture for the pre-K-12 education market designed to inspire better learning and improve outcomes for students. Smith System Manufacturing Co. was founded in 1905 and is based in Plano, Texas.
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Buyer Overview 1

Buyer

Steelcase

Grand Rapids, Michigan, United States

Category Company
Founded 1912
Sector Furniture
Employees11,300
Revenue 3.2B USD (2025)
DESCRIPTION
Entrance to Steelcase's corporate headquarters in Grand Rapids, Michigan.
Entrance to Steelcase's corporate headquarters in Grand Rapids, Michigan.

Steelcase 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 Context for Buyer #
Overall 4 of 5
Sector: Furniture 3 of 4
Type: Add-on Acquisition 4 of 5
State: Texas 1 of 1
Country: United States 2 of 3
Year: 2018 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-24 PolyVision

Johns Creek, Georgia, United States

PolyVision is a manufacturer of CeramicSteel (the substrate used in the manufacture of whiteboards and other writing surfaces), finished writing surfaces, and architectural cladding for use in the education, healthcare, commercial office, and transit end-markets. PolyVision was founded in 1954 and is based in Johns Creek, Georgia.

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