HNI Corporation

Last updated
HNI Corporation
Company type Public
Founded1947;78 years ago (1947) in Muscatine, Iowa U.S.
Headquarters Muscatine, Iowa, U.S.
Key people
Jeffrey D. Lorenger
(chairman, president, CEO)
Marshall H. Bridges
(senior vice president & CFO)
Products Furniture & fireplaces
RevenueDecrease2.svg US$2.25 billion (2019)
Decrease2.svg US$152.34 million (2019)
Decrease2.svg US$110.50 million (2019)
Total assets Increase2.svg US$1.45 billion (2019)
Total equity Increase2.svg US$584.37 million (2019)
Number of employees
7,500 (January 2021)
Website hnicorp.com
Footnotes /references
[1]

HNI Corporation is one of the largest office furniture manufacturers in the world in regard to revenues resulting from office segment sales. [2] [3] [4] HNI is also the world's leading hearth products company, manufacturing and marketing gas, electric, wood and biomass burning fireplaces, inserts, stoves, facings and accessories. The company was founded in 1944 by engineer C. Maxwell Stanley, advertising executive Clem Hanson, and industrial designer H. Wood Miller. [5] Its headquarters are in Muscatine, Iowa, [6] with operations located in Muscatine, in various other U.S. states, and in Asia.

Contents

HNI's office furniture brands include The HON Company, Allsteel, Gunlocke, Maxon, HBF, OFM, and Lamex. The corporation's hearth brands, manufactured by Hearth & Home Technologies and offered through multiple retail and new construction channels, include Heatilator, Heat & Glo, Harman, Quadra-Fire, Majestic, Monessen, Fireside Hearth & Home, and Vermont Castings. [6]

HNI acquired Kimball International in March 2023. [7]

HNI acquired Steelcase Inc. in August 2025 for $2.2 billion. [8] [9]

Awards

Further reading

References

  1. "US SEC: Form 10-K HNI Corporation". U.S. Securities and Exchange Commission . Retrieved February 10, 2018.
  2. "View Filing Data". www.sec.gov.
  3. "View Filing Data". www.sec.gov.
  4. "View Filing Data". SEC.gov. Retrieved 2021-05-14.
  5. "HNI Corporation, History Timeline, 1944 - Present". 2004. Archived from the original on 2008-07-04. Retrieved 2008-05-12.
  6. 1 2 Jeff Tecklenburg (2006-02-25). "Fortune magazine ranks HNI high". Muscatine Journal. Retrieved 2008-05-12.
  7. "HNI Corporation to Acquire Kimball International".
  8. Dasgupta, Aatreyee (2025-08-04). "HNI bets on return-to-office with $2.2 billion deal for furniture maker Steelcase". Reuters. Retrieved 2025-08-05.
  9. "HNI Corporation to Acquire Steelcase Inc".
  10. "Fortune: Most Admired Companies". archive.fortune.com. Retrieved 2020-04-15.
  11. "The 400 Best Big Companies - Forbes.com". www.forbes.com. Retrieved 2020-04-15.
  12. Strauss, Karsten. "The 100 Most Trustworthy Companies In America, 2017". Forbes. Retrieved 2020-04-15.