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.
