Furniture Manufacturer HNI To Buy Back 200 Million Dollars In Shares

Posted by MCC on November 12th, 2007 at 10:42pm

HNI Corporation, a manufacturer of office furniture has recently authorized it’s board to buy back 200 million dollars worth of it’s own shares.

HNI Corporation was established in 1944. In addition to office furniture they also manufacture hearth products like fireplace inserts and stoves. Nearly 80% of the companies sales are for office furniture products which are marketed under it’s brand names such as Allsteel, Lamex, Maxon, IntraSpec Solutions and several others including private label brands.

Under Furniture News