Steelcase Inc has acquired Orangebox Group Limited

Steelcase Inc has acquired Orangebox Group Limited, a UK-based designer and manufacturer of furniture for the changing workplace. “We…see the opportunity to more than double the size of Orangebox’s business within five years by leveraging Steelcase’s global scale and distribution,” noted Allan Smith, vice president, global marketing at Steelcase. Orangebox will operate as an independent subsidiary and continue to support its existing dealers as well as Steelcase dealers. Mino Vernaschi, MD of Orangebox, expressed, “My dream was for Orangebox to become a worldwide brand, with Steelcase this will now happen.”