Kokuyo to buy office furniture maker HNI India

MUMBAI: Japan’s Kokuyo, which entered India by acquiring the Camlin stationery brand in 2012, is set to buy office furniture manufacturer HNI India from NYSE-listed HNI Corporationto expand its presence in the country. HNI India, with a revenue of Rs 250 crore, operates a 3.5 lakh square feet manufacturing facility in Nagpur and employs about 350 people.

HNI is selling its India business to streamline its portfolio.

It previously sold its Hong Kong and China units toKokuyo for $75 million in 2022.
Once the HNI India acquisition is completed, the Japanese company will market office chairs, modular office furniture, and other workplace solutions under the Kokuyo brand. TNN