Herman Miller, Inc., today announced it has finalized the purchase of Brandrud Furniture, Inc., a Seattle-based manufacturer of healthcare furniture. Details of the transaction were not disclosed.
An alliance partner of Herman Miller since 2005, Brandrud carries an appealing portfolio of healthcare furnishings, including seating products for patient rooms, patient treatment areas, and public spaces such as lobbies and waiting areas.
"This is an exciting time for Herman Miller," said Beth Nickels, president of Herman Miller for Healthcare. "There is tremendous energy and focus as we continue to deliver the industry's most comprehensive healthcare furnishings and services portfolio to our customers. Adding the designs and expertise of Brandrud to our team reinforces that commitment."
Lee Falck and Bobby Holt will remain co-presidents of Brandrud, which is expected to have 2007 sales of approximately $20 million. Falck and Holt acquired Brandrud in 2000 and have since launched several successful healthcare seating programs.
Falck added, "Brandrud and Herman Miller share similar values and a commitment to research and development, which makes this an ideal arrangement. We're eager to pursue the next level of opportunities that exist within the healthcare environment."
About Herman Miller
The designs and services of Herman Miller enhance the performance of human habitats worldwide, making customers' lives more productive, rewarding, delightful, and meaningful. The company's award-winning products, complemented by furniture management and strategic consulting services, generated over $1.9 billion in revenue during fiscal 2007. Widely recognized both for its innovative products and business practices, Herman Miller is a recipient of the prestigious National Design Award for product design from the Smithsonian Institution's Cooper-Hewitt, National Design Museum, and in 2007 the company was once again cited by FORTUNE magazine as the "Most Admired" company in its industry and included among CRO magazine's "100 Best Corporate Citizens." In 2008 Herman Miller was named among "100 Best Places to Work" in America by FORTUNE and the Great Places to Work Institute. The company trades on the NASDAQ Global Select Market under the symbol MLHR.
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