Herman Miller Completes Acquisition of Brandrud Furniture
February 15, 2008 | Levent OZLER
Herman Miller announced it has finalized the purchase of Brandrud Furniture, 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."
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