HNI sells Lamex office furniture business to Kokuyo for $75M

HNI CORP

Sale completed for $75 million in cash, subject to standard post-closing adjustments.
Buyer is Kokuyo Co., Ltd., a Japanese office furniture manufacturer.
HNI CEO says sale streamlines portfolio and allows focus on core strategies.
Lamex is based in China and Hong Kong; HNI thanks employees for their contributions.

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