HNI CORPORATION’S DIVESTITURED OF ARTCO-BELL CORPORATION

HomeHNI CORPORATION’S DIVESTITURED OF ARTCO-BELL CORPORATION

    FOR IMMEDIATE RELEASE // SEATTLE, WASHINGTON –Meridian Capital LLC is pleased to announce the successful divestiture of Artco-Bell Corporation (“Artco-Bell”) from HNI Corporation (“HNI”), the world’s second largest, publicly-traded office furniture manufacturer, with brands such as HON and AllSteel.

    Artco-Bell was acquired by CounterPoint Capital Partners, LLC, a Los Angeles-based private equity group focused on opportunities with niche manufacturing and industrial companies. In connection with the transaction, Meridian served as the exclusive advisor to HNI Corporation.

     

    ABOUT ARTCO-BELL

    Based in Temple, Texas, Artco-Bell is a leading designer and manufacturer of K-12 furniture in North America. Leveraging more than 50 years of experience in primary education, Artco-Bell has navigated a shift from the traditional classroom model toward a ‘progressive education’ ecosystem.  The divestiture to CounterPoint will enable Artco-Bell to continue its transition into a leading manufacturer of progressive education furniture.

    “We thoroughly enjoyed working with the HNI and Artco-Bell management team on this important transaction.  The professionalism of the entire HNI team is truly exceptional, and we are proud to have worked alongside such a remarkable company.”

    Patrick Ringland, Principal & Managing Director
    Meridian Capital