HNI plans to sell its Poppin business unit, acquired through the Kimball International purchase. The unit operates within HNI’s furniture manufacturing portfolio. The divestiture is targeted for completion in the third quarter of 2023.
Kimball International acquires Poppin Inc., a New York-based B2B commercial furniture design company. The deal totals $110 million in cash, with an additional $70 million possible if revenue and profitability targets are hit by mid-2024. The transaction expands Kimball’s portfolio in the commercial furniture sector.
Kimball International completes the acquisition of Poppin, expanding its portfolio of commercial refrigeration solutions. The deal strengthens Kimball’s position in the foodservice equipment sector, though specific terms remain undisclosed.
Kimball International acquires Poppin, a tech-driven B2B commercial furniture design company. The move expands Kimball’s digital capabilities in the commercial furniture sector. Poppin specializes in modern, data-informed furniture solutions for businesses.
