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An Iowa-based company, which is one of the largest office furniture manufacturers in the world, is buying Grand Rapids-based furniture company, Steelcase Inc. Announced Monday, furniture company HNI Corporation is buying Steelcase in a $2.2 billion deal that will, upon closing, shift ownership of the combine company to 64% HNI and 36% Steelcase, according to Steelcase's announcement. “This acquisition brings together two respected companies with complementary strengths and represents an exciting milestone in HNI’s growth journey,” Jeffrey Lorenger, HNI’s chairman, president, and chief executive officer. “We have long admired Steelcase for its insight-led approach, which has helped shape our industry for decades." #news #michigan #sale #shorts #steelcase #grandrapids #iowa #deals #economy #business STORY: https://wwmt.com/news/local/hni-steel... _______________ Stay up to date with our social media: WWMT on Facebook: / wwmtnews WWMT on Twitter: / wwmtnews Subscribe to WWMT on YouTube: / @wwmtnews WWMT Daily News Digest: • WWMT-TV Daily Digest For more information, visit https://www.wwmt.com/ Have a news tip? Send it directly to us: Email us: desk@wwmt.com Call the Newsroom: 800.875.3333 WWMT is a MI based station and a CBS Television affiliate owned and operated by Sinclair Broadcast Group. Sinclair Broadcast Group, Inc. is one of the largest and most diversified television broadcasting companies in the country today. #WWMT #NEWSCHANNEL3 #Kalamazoo #Michigan