Herman Miller, Inc.
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Herman Miller, Inc. - overview
Established
1905
Location
Zeeland, MI, US
Primary Industry
Consumer Products
About
Founded in 1905 and based in Michigan, US, Herman Miller, Inc. operates as a researcher, designer, manufacturer, and distributor of office furniture systems, seating products, home furnishings. Herman Miller helped his son-in-law, D. J.
De Pree, buy the Michigan Star Furniture Company in 1923 and he decided to rename the company after his father-in-law. Herman Miller, Inc. is a publicly listed entity that trades on the NASDAQ under the ticker symbol MLHR. The company has manufacturing facilities in the United States, China, Italy, and the United Kingdom and sales offices, dealers, licensees, and customers in over 100 countries.
Herman Miller's line of products includes office chairs, stools, benches, desks, workstations, conference and training tables, room dividers, healthcare stations and seating, and storage solutions among others. The company operates through several focused businesses, brands, and distribution channels, including Herman Miller, Herman Miller Healthcare, Nemschoff, Geiger International, and independently owned dealerships. In the fiscal year ended May 2020, the company generated revenue of USD 2. 5 billion compared to USD 2.
57 billion in 2019 and recorded a loss of USD 9 million in 2020 compared to USD 160. 5 million gain in 2019.
Primary Industry
Consumer Products
Sub Industries
Furniture, Consumer Electronics, Accessories
Website
www.hermanmiller.com
Verticals
E-commerce, Manufacturing
Total Amount Raised
Subscriber access only
Herman Miller, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Knoll, Inc. | - | ||||||||
| N/A | Completed | 4350-4360 Ball Ground Highway | - |
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