Knoll Completes Acquisition of Muuto, Fast-Growing Affordable Luxury Brand, Perfect Complement to Knoll's Timeless Design Portfolio
Knoll, Inc (KNL)
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Source: GlobeNewswire
EAST GREENVILLE, Pa., Jan. 25, 2018 (GLOBE NEWSWIRE) -- Knoll, Inc. (NYSE:KNL) today announced that it has completed the previously announced acquisition of Muuto, the Copenhagen-based designer and provider of affordable luxury furniture, lighting and accessories for the workplace and home, from its founders and Danish-based private equity firm Maj Invest Equity. The acquisition further advances the Knoll strategy of building its global capability as a go-to resource for workplaces and homes, including the commercial contract, decorator to-the-trade and consumer markets. Andrew Cogan, Knoll President and CEO, reiterated, "Muuto is a ‘resimercial’ design-driven, creative Scandinavian brand representing global style for the workplace and home. Muuto products pair seamlessly with the range of modern Knoll designs, offering an expanded breadth and depth of affordable luxury products that reflect today’s evolving workstyles and trends in residential design, with particular appeal to a
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