Steelcase to Acquire Smith System, Industry Leader in preK-12 Education Market
The acquisition is expected to advance Steelcase’s growth strategy to offer a broad range of innovative solutions to customers in the education, healthcare, and office markets.
“As education markets continue to grow, the combination of
Smith noted that
Founded in 1905, Smith System makes educational environments more healthy, comfortable and inspiring for students and educators. Smith System will operate as an independent subsidiary under its own brand, and will continue to support its strong network of existing dealers as well as extending its reach through authorized
“We believe that joining forces with
Additional details regarding the transaction and Smith System can be found in the Form 8-K filed today by
From time to time, in written and oral statements,
Forward-looking statements involve a number of risks and uncertainties that could cause actual results to 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 and other Force Majeure events; changes in the legal and regulatory environment; changes in raw materials and commodity 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
For over 105 years,
Source: Steelcase Inc.