Furniture Brands Completes Sale of HBF

ST. LOUIS, MO – Furniture Brands Intl Inc. announced that it has completed the sale of the HBF business furniture unit to HNI Corp. for $75 million.

“This transaction puts our focus solely on the home furnishings industry,” said Ralph Scozzafava, CEO of Furniture Brands. “We are aggressively executing a strategic plan that will strengthen our portfolio of well-known customer brands, create more value for our retail partners, and grow and develop our people.”

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