Herman Miller Inc. is buying Hong Kong office furniture maker POSH Office Systems Ltd. for an undisclosed amount in order to gain access to the Chinese market and broaden its geographic reach.
via Herman Miller to buy POSH Office Systems - BusinessWeek. Herman Miller have made an clever purchase to expand across to the far east by buying this Hong Kong manufacturer. Aside from office furniture, POSH makes and distributes freestanding furniture, seating, and filing and storage systems, similar to the Herman Miller - so it will be interesting to see if they keep it running the sale, or streamline and combine the 2 companies over time.
via Posterize
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