Herman Miller to Buy Knoll for $1.8 Billion in Workplace Bet (1)

Office-furniture company Herman Miller Inc. agreed to acquire rival Knoll Inc. for $1.8 billion, moving to take advantage of workplace renovations and restructurings as the pandemic eases.

The companies said the combination would help them feed into the transformation of home and office as work continues to be split between the two.

“As distributed working models become the new normal for companies, businesses are reimagining the office to foster collaboration, culture and focused work, while supporting a growing remote employee base,” Herman Miller Chief Executive Officer Andi Owen said in a statement Monday. “At the same time, consumers are making ...