Herman Miller and Knoll Announce New Name for Combined Company: MillerKnoll
Zeeland, Mich: Herman Miller (NASDAQ: MLHR) today announced that, after completing the acquisition of Knoll, Inc. (“Knoll”), on July 19, 2021, the combined company will move forward as MillerKnoll. Herman Miller and Knoll, along with their legacy brands, will continue as distinct brands as part of MillerKnoll. In addition, MillerKnoll will have a new operating model that will ensure strong brand ownership—transforming the industry and redefining modern design.
“We are excited to introduce MillerKnoll, a collective of dynamic brands coming together to design the world we live in,” said Andi Owen, President and Chief Executive Officer of MillerKnoll. “Our industry—and the world in general—is changing rapidly. Design is the way we imagine and shape a better future. In coming together, we will define and lead this transformation, like we have other transformations in our histories.”
(Left) Wireframe sofa designed by Sam Hecht and Kim Colin and Rudder Table designed by Isamu Noguchi, 2012. Courtesy of Herman Miller.
(Right) Saarinen Dining Table with Saarinen Tulip Arm Chair. These one-legged molded fiberglass chairs and tables have become symbols of mid-century modern design since their introduction in 1957. Courtesy of Knoll, Inc.
MillerKnoll: The Preeminent Leader in Modern Design
“Organic Design in Home Furnishings” exhibition view, Museum of Modern Art, New York, 1941. Courtesy of Herman Miller Archive and The Museum of Modern Art, New York. Curator Eliot Noyes selected the team of Charles Eames and Eero Saarinen for their winning entires in both chair design (a precursor to the designers’ respective experiments in molded plywood) and living room categories. https://www.moma.org/calendar/exhibitions/1803
Herman Miller and Knoll have deep legacies as industry pioneers and a shared commitment to design, innovation, operational excellence, sustainability, and social good. With the transaction now closed, MillerKnoll will:
- Catalyze the transformation of the home and office through a united portfolio of complementary brands.
- Support and grow existing Contract and Retail channels, as well as explore new ideas and business innovations, to ensure they meet the highest level of manufacturing excellence, customer sales and service, and user experience.
- Comprise global functional teams that serve the entire enterprise, including Manufacturing, Digital, Technology, Marketing, Strategy, Finance, Human Resources, and Legal.
- Drive growth and profitability with a scaled US and international footprint, maintaining strong brand ownership designed to preserve and nurture the essence of the brands within the combined company’s portfolio, which includes the Herman Miller and Knoll brands.
(Left) Knoll established a dedicated textiles department with Arundell Clarke as the head in 1947. Textiles have since become an integral part of the Knoll enterprise, with visionary women designers leading the charge. Since 2005, KnollTextiles has been spearheaded by Creative Director Dorothy Cosonas. Courtesy of Knoll, Inc.
(Right) The Cosm task chair, designed by Studio 7.5 in 2018, sports a self-adjusting mechanism for instant, weightless support. Courtesy of Herman Miller.
MillerKnoll now benefits from increased reach and the ability to better serve customers across the contract furnishings sector, residential trade segment, and retail audience. In addition, MillerKnoll is well positioned to enhance engagement with architects and interior designers, who support decision-making for both Contract and Residential customers.
Owen continued, “We are a group of people and brands guided by a shared vision, common values, and a steadfast commitment to design. As MillerKnoll, we’ll push and inspire each other to innovate and design the future for all the places where life happens.”
As previously announced, MillerKnoll will be led by Herman Miller President and CEO Andi Owen. In addition to Owen, the combined company will be led by a world-class executive team made up of leaders from both Herman Miller and Knoll. Additional information on the leadership team is available on the company’s Newsroom.
Herman Miller intends to submit a proposal to its shareholders at its upcoming annual meeting in order to seek approval of the formal change of Herman Miller’s corporate name to MillerKnoll. At this time, Herman Miller common stock will continue to trade on the Nasdaq under the ticker symbol “MLHR.”
MillerKnoll is a collective of dynamic brands and one of the largest and most influential modern design companies in the world. The company is a result of a deep legacy of design, innovation, and social good. MillerKnoll was created in 2021 from the combination of Herman Miller and Knoll, and includes brands Colebrook Bosson Saunders, DatesWeiser, DWR, Edelman Leather, Fully, Geiger, HAY, Holly Hunt, KnollExtra, Knoll Office, KnollStudio, KnollTextiles, Maars Living Walls, Maharam, Muuto, naughtone, and Spinneybeck|FilzFelt. Guided by a shared vision, common values, and a steadfast commitment to design, MillerKnoll innovates and designs the future for all the places where life happens while contributing to a more equitable and sustainable future for all.
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