Kokuyo to buy office furniture maker HNI India
MUMBAI:
Japan's Kokuyo
, which entered India by acquiring the Camlin stationery brand in 2012, is set to buy
office furniture
manufacturer
HNI India
from NYSE-listed
HNI Corporation
to expand its presence in the country. HNI India, with a revenue of Rs 250 crore, operates a 3.5 lakh square feet manufacturing facility in Nagpur and employs about 350 people.
HNI is selling its India business to streamline its portfolio.
It previously sold its Hong Kong and China units to
Kokuyo
for $75 million in 2022.
Once the HNI India acquisition is completed, the Japanese company will market
office chairs
, modular office furniture, and other workplace solutions under the Kokuyo brand. TNN
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