FBI sells contract unit to HNI for $75 million

March 2008
Furniture/Today;3/31/2008, Vol. 32 Issue 30, p82
Trade Publication
The article reports on the move of Furniture Brands International (FBI) Inc. to divest its Hickory Business Furniture company contract unit to HNI Corp for $75 million in the U.S. According to chief executive officer (CEO) at FBI Ralph Scozzafava, the move will lead to the steady strengthening of their balance sheet. He adds that the divestiture would enable them to concentrate on its consumer brands.


Related Articles

  • FBI to sell business division.  // Furniture/Today;10/22/2007, Vol. 32 Issue 7, p33 

    The article reports that Furniture Brands International Inc. plans to divest its business furniture operation HBF. To aid in the sale, the company has retained Wachovia Securities. Furniture Brands did not reveal the division's sales or its profit contribution. HBF President Charlie Bell claims...

  • The Low-Cost Learning Curve.  // Industry Week/IW;Aug2008, Vol. 257 Issue 8, p32 

    The article reports on the significance of the approach of HNI Corp. that utilized its decentralized business model in the U.S. It states that while the model proved effective on the customer side of the business, the company learned that the approach needed a few minor changes to be successful...

  • Broyhill's Express Program adding wood, more seating.  // Furniture/Today;2/2/2009, Vol. 33 Issue 22, p4 

    The article reports that furniture company Broyhill is planning to expand its Express Program brand of furniture to include upholstery frames and case goods. Broyhill is owned by Furniture Brands International, and began its Express Program in 2007. Anthony Teague, vice president of upholstery...

  • FBI building its largest plant in Indonesia. Russell, Thomas // Furniture/Today;7/12/2010, Vol. 34 Issue 43, p22 

    The article reports on the case goods plant and distribution center being built by Furniture Brands International Inc. (FBI) Tambak Aji, Indonesia, which are expected to produce higher-end product for Thomasville and Drexel Heritage.

  • Samson selling FBI shares.  // Furniture/Today;7/29/2013, Vol. 37 Issue 47, p130 

    The article reports on the plans of the case goods manufacturer Samson Holding Ltd. to sell its 267,355 shares to Furniture Brands International Inc., a home furnishings company.

  • Havertys, FBI end pact. Engel, Clint // Furniture/Today;9/29/2003, Vol. 28 Issue 5, p1 

    Reports on the termination of the strategic collaboration between Havertys and Furniture Brands International Inc. in Atlanta, Georgia. Variation of the branding strategies; Terms of agreement; Etimation of sales revenue.

  • Wincor Nixdorf Takes Over Siemens' Subsidiary in Philippines.  // EmergingMarketsNOW;8/7/2009, p9 

    The article reports on the acquisition on the Siemens Information Technology Products & Services (ITPS) division of Siemens AG by Geman end-to-end IT solution provider Wincor Nixdorf AG in the Philippines. Through the acquisition, Wincor has renamed the division into a new entity as Wincor...

  • TARGET a CHANNEL of ONE the KEEPER of MASS STYLE. Heller, Laura // DSN Retailing Today;4/5/2004, Vol. 43 Issue 7, p33 

    Reports on the performance of retailer Target Stores Inc. in the U.S. Expansion plans of the company; Announcement of plans to divest Mervyn's and Marshall Field's by the firm; Business operations of the company.

  • Showrooms.  // Interior Design;Jan95, Vol. 66 Issue 1, p20 

    Reports on the scheduled opening of a showroom for Hickory Business Furniture at the New York Design Center.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics