Kristine Lofgren

Herman Miller Buys Design Within Reach for a Cool $154 Million

by , 07/26/14

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Herman Miller and Design Within Reach (DWR) are some of the biggest names in the modern furniture world – and they are about to join forces to create one glorious design behemoth. Herman Miller recently announced plans to purchase DWR for a cool $154 million in cash, which will nab Herman Miller an 84% controlling interest in the furnishing company.

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Connecticut-based DWR has 40 locations in the US, Mexico and Canada, in addition to a thriving retail website. Founded in 1998, last year the company had about $218 in revenue. Herman Miller, meanwhile, brought in $1.8 billion of its own.

Related: The Iconic Eames Shell Chair is Now Available in New Recyclable Fiberglass!

DWR’s CEO and President – John Edelman and John McPhee – will stay and continue running the company as a unit of Herman Miller. “The addition of DWR is a transformational step forward in realizing our strategy for diversified growth and establishing Herman Miller as a premier lifestyle brand,” said Brian Walker, Herman Miller’s CEO in a company press release.

Via Media Bistro

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1 Comment

  1. Jacob Langvad July 21, 2014 at 9:47 am

    I would have imaged that DWR brought in more revenue than $218 last year, but then again, it’s a competitive business.

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