Herman Miller, Inc., today announced it has negotiated an alliance agreement with POSH Office Systems (Hong Kong) Ltd. POSH is a leader in the design, manufacture, and marketing of office systems across the Asia Pacific region. With a design office in Hong Kong, and ISO 9001/14001 accredited manufacturing facilities in China, POSH designs and produces seating, systems furniture, and storage solutions for business and home environments. The company sells through a substantial franchise network across China and through a number of international distributors in Asia. The business was established over 45 years ago and it is led by President and Chief Executive Officer Eric Yim.
The agreement will become effective October 1, 2008, and provide Herman Miller and POSH access to each other's product portfolio and distribution network. It is an opportunity for each company to broaden its product offering and services to a growing international market.
John Portlock, President of Herman Miller International, said: "We have found the best partner to accelerate our progress in Greater China and Asia. I am delighted at the prospect of working with Eric Yim and his talented team as we extend our reach together."
"We are very excited to be partnering with John Portlock and the Herman Miller team," said Yim. "This alliance will not only provide broader capacity and capability in distribution and servicing our customers, but also improve the value proposition for our combined high design product portfolios in the Asia Pacific region."
About Herman Miller Inc.
Herman Miller strives to create a better world around you--with inventive designs and services that enhance the places where people work, heal, learn, and live, and through its commitment to social responsibility. In fiscal 2008, the company's award-winning products and strategic consulting services generated more than $2 billion in revenue. Recognized both for its innovative products and business practices, in 2008 Herman Miller was again cited by FORTUNE as both the "Most Admired" in its industry and among the "100 Best Companies to Work For" in America, while Fast Company named Herman Miller among the world's "Fast 50" most innovative companies. Herman Miller trades on the NASDAQ Global Select Market under the symbol MLHR.
About POSH Office Systems
Based in Hong Kong, POSH is a leader in the design, manufacture, and marketing of office systems in Asia Pacific. The company operates with over 1000 employees, a design office in Hong Kong, a franchise network in China and over 30 international distributors worldwide. POSH has been voted as the "Best Office Furniture Brand" in Hong Kong by CAPITAL magazine in 2007; and recognized with the award of "Eco-Business 2007" by Business Environment Council and "The Green Medal" by The Federation of Hong Kong Industries for its leadership and stewardship in protecting the environment. Eric Yim was also honored as the Young Industrialist of Hong Kong 2005.