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Herman Miller acquiring healthcare furniture division
Herman Miller is finalizing their acquisition of Brandrud, a company that designs furniture for healthcare environments. (Pictured above is Brandrud's Cente Patient Chair, which mechanically assists the patient in sitting or standing.) Brandrud did estimated sales of $20 million in 2007--peanuts compared to HM's $41 million net earnings in the last quarter alone--but their acquisition should help furniture giant HM expand into an entirely new category. The ink should be dry on the contracts by February 2008.
via us stock @ jrj
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