钢壳to Acquire HALCON, Maker of Finely Crafted Wood Furniture for the Modern Workplace

Expected acquisition will add to the company’s expanding community of brands, providing designers and customers with an extensive range of wood furnishings and fueling the growth of HALCON.

密歇根州大急流城，2022年5月5日 -钢壳Inc. announced today it has signed a definitive agreement to acquire HALCON, a Minnesota-based designer and manufacturer of precision-tailored wood furniture for the workplace. This acquisition will complement the current portfolio of Steelcase wood products, offering uncompromising design and master craftsmanship to A+D professionals and customers.

Halcon成立于1977年，是定制木材和执行级，Credenzas和Desks的领导者。该公司的投资组合具有质量和创新的文化，为当今的私人办公室，开放式和协作空间提供了专利的屡获殊荣的家具收藏品。betway88体育官网Halcon的一系列复杂解决方案通过周到和创新的细节提升了工人的体验。

“At HALCON we combine manufacturing flexibility, craftmanship and exceptional service to solve the unique needs of our clients,” said Ben Conway, president of HALCON. “We’re thrilled to join Steelcase and together expand the reach and impact of our products while remaining committed to our existing customers, distribution channels and workforce.”

钢壳and its community of brands offer an extensive selection of solutions and services designed to support the way people and organizations want to work today.

“From private office to conference rooms, we were attracted to the HALCON brand for their fine craftsmanship that enables organizations to create signature, custom-designed workplace environments. When matched with our shared commitment to quality, sustainability and service, HALCON is a natural fit for our community of brands,” said Allan Smith, senior vice president, chief revenue officer of Steelcase. “We expect to drive strong growth by making the HALCON portfolio even more accessible to our customers, A+D professionals and dealers. We believe HALCON’s success is rooted in its commitment to quality and long-term partnership with A+D firms, clients, suppliers, the dealer community and employees, and we expect that to continue.”

预计该交易将在Steelcase 2023财年第二季度完成，但要获得监管部门的批准和习惯关闭条件的满意。  It involves the acquisition of all outstanding equity interests in HALCON for $127.5 million and includes an adjustment for working capital and potential additional consideration of up to $9.5 million payable to the seller over three years based on the achievement of certain performance targets and continued employment of Mr. Conway.  Steelcase intends to fund the acquisition using cash on hand and availability under its credit facility, as needed.  HALCON posted revenue of approximately $70 million over the trailing twelve months through April 2022, and its backlog of customer orders was approximately $56 million as of the end of April 2022.

史密斯继续说：“我们看到两家公司之间的许多增长机会，包括地理扩张，投资组合增强和持续的Halcon现有核心市场收入增长。”

预期的收购基于以前的收购，旨在通过提供广泛的产品组合，包括对Viccarbe，Orangebox，AMQ和Smith System的收购，补充领先的投资组合，并为全球钢铁客户提供更大的选择和价值。Steelcase此前曾宣布与Blu Dot，Bolia，Carl Hansen＆Son，EMU，Spoding＆Sons，Extremis，Flos，Mattiazzi，Microsoft，Microsoft，Mitchell Gold + Bob Williams，Moooi，Nanimarquina，Nanimarquina，Polyvision，Tom Dixon，Tom Dixon，Tom Dixon和West Elm Dixon，Tom Dixon和West Elm，。

Forward-looking Statements
Steelcase时不时地在书面和口头陈述中讨论了其对未来事件的期望及其对未来运营的计划和目标。这些前瞻性陈述讨论了基于当前管理的信念以及信息以及信息，讨论了关于未来趋势，计划，事件，操作结果或财务状况的未来趋势，计划，事件，运营结果或财务状况的期望，或者陈述与Steelcase有关的其他信息。目前可用于Steelcase。前瞻性陈述通常伴随着诸如“预期”，“相信”，“可以”，“估计”，“期望”，“预测”，“预测”，“打算”，“五月”，“可能”，“潜在”，“潜力，”，”“预测，”“项目”，“目标”或其他类似的词，短语或表达式。尽管Steelcase认为这些前瞻性陈述是合理的，但它们是基于关于未来条件的许多假设，最终可能被证明是不准确的。

Forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements and vary from Steelcase’s expectations because of factors such as, but not limited to, competitive and general economic conditions domestically and internationally; acts of terrorism, war, governmental action, natural disasters, pandemics and other Force Majeure events; cyberattacks; the COVID-19 pandemic and the actions taken by various governments and third parties to combat the pandemic; changes in the legal and regulatory environment; changes in raw material, commodity and other input costs; currency fluctuations; changes in customer demand; and the other risks and contingencies detailed in Steelcase’s most recent Annual Report on Form 10-K and its other filings with the Securities and Exchange Commission. Steelcase undertakes no obligation to update, amend or clarify forward-looking statements, whether as a result of new information, future events or otherwise.

关于HALCON
With exceptional innovation, uncompromising design, and master craftsmanship, HALCON creates furniture tailored to the modern workplace. The company’s award-winning solutions are made in Stewartville, Minnesota with the highest standards of quality and performance. Visit HALCON atwww.halconfurniture.com

关于Steelcase
Organizations around the world trust Steelcase to help them create places that help people work better, be inspired and accomplish more. The company designs, manufactures, and partners with other leading organizations to provide architecture, furniture, and technology solutions – accessible through a network of channels, including over 800 Steelcase dealer locations. Steelcase is a global, industry-leading, and publicly traded company with fiscal year 2022 revenue of $2.8 billion. For more information, visitsteelcase.com。

Investor Contact:
迈克·奥梅拉（Mike O’Meara）
Investor Relations
（616）292-9274

Media Contact:
Katie Pace
Communications
(312) 350-0502

来源：钢壳Inc
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