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Steelcase is a global producer of furniture for offices, hospitals, and classrooms, designing and selling high-quality products that support productivity and well-being. Its offerings include office, healthcare, and educational furniture, plus related items and smart connected products, with services to install and support them through dealers, showrooms, and direct large clients. The company works through a design- and research-driven process, backed by ongoing development to align with client needs and sustainability goals. What sets Steelcase apart is its emphasis on R&D, sustainability, and inclusivity, including a perfect score on the Human Rights Campaign Foundation’s Corporate Equality Index, and its focus on creating adaptable environments backed by data and service. The goal is to be a trusted partner worldwide by delivering well-designed, durable furniture and smart solutions that improve how people work, learn, and heal in varied settings.
Industries
Industrial & Manufacturing
Design
Healthcare
Consumer Goods
Company Size
5,001-10,000
Company Stage
Acquired
Total Funding
N/A
Headquarters
Grand Rapids, Michigan
Founded
1912
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Total Funding
$0
Below
Industry Average
Funded Over
1 Rounds
Steelcase has appointed Irene Tasi as president, effective 14 September 2026. Tasi brings over 25 years of executive experience, including roles as chief growth officer at PPG Industries and president of Kichler Lighting at Masco Corporation. She will report to Jeff Lorenger, chairman, president and CEO of HNI Corporation, which acquired Steelcase in December 2025. In her new role, Tasi will focus on strengthening customer and dealer relationships whilst translating research and design into commercial success. "Irene has a combination of commercial leadership, product innovation, operating discipline, and customer focus that makes her exceptionally well-suited to lead Steelcase," Lorenger said. Steelcase will maintain its headquarters in Grand Rapids, Michigan.
HNI Corporation met Wall Street's revenue expectations in Q2 2026, with sales up 121% year-on-year to $1.47 billion. Non-GAAP profit of $1.27 per share beat analyst estimates by 22.4%. CEO Jeffrey Lorenger credited revenue growth to improved demand in Workplace Furnishings, particularly among small and medium-sized customers, and effective cost management. The integration of Steelcase drove profit growth, with synergies now expected to reach at least $120 million when fully mature. Orders in Workplace Furnishings increased 5% year-over-year, with recent weeks showing acceleration. Backlog ended the quarter 5% higher than the prior year. The company projects double-digit non-GAAP earnings per share growth for next year, driven by cost savings, operational efficiencies, and a robust project pipeline. Lorenger noted the company's funnel continues to expand, with bid quotes up solidly year-over-year.
HNI Corporation (NYSE: HNI) and Steelcase Inc. (NYSE: SCS) today announced that they have entered into a definitive agreement under which HNI will acquire St...
HNI Corporation announced it will acquire Steelcase Inc. in a cash and stock deal valued at approximately $2.2 billion. Steelcase shareholders will receive $7.20 in cash and 0.2192 shares of HNI stock per Steelcase share, with an implied purchase price of $18.30 per share. The acquisition aims to enhance customer reach and strategic initiatives. Upon closing, HNI shareholders will own 64% and Steelcase shareholders 36% of the combined company.
"Steelcase is honored to be recognized as a Gold Level Veteran-Friendly Employer," said Sara Armbruster, president and CEO of Steelcase, who accepted the award at an event on Nov. 19.
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Industries
Industrial & Manufacturing
Design
Healthcare
Consumer Goods
Company Size
5,001-10,000
Company Stage
Acquired
Total Funding
N/A
Headquarters
Grand Rapids, Michigan
Founded
1912
Find jobs on Simplify and start your career today