HICKORY, N.C. -- HBF has joined forces with award-winning Swedish designer Henrik Schulz to design a new collaborative seating product: MOD. Inspired by the activity-based workplace, MOD offers a line of sofas, settees, chairs, benches, and ottomans with a modular sensibility.
The HON Co. said it will close its manufacturing facility in Florence, AL, by the end of 2014, resulting in the layoff of 190 workers. The office furniture company made the announcement May 8.
Contract furniture giant HNI Corp. recorded $510.7 million sales for the second quarter, a 6.3 percent increase from the prior year period. Net income for HNI (NYSE: HNI) grew 63 percent from the prior year quarter, to $11.4 million.
HNI Corp., fomerly HON, reported sales of $550.9 million third quarter, though net income fell $400,000 to $24.5 million. Summer heat interrupted production, impacting earnings. Capital expenditures doubled to $44 million for the first nine months of the year.