9to5 Seating joins leading furniture group Flokk
(Hawthorne, CA., November 26, 2019) 9to5 Seating has been acquired by Flokk Group, the leading European manufacturer of office seating and workplace furnishings, which will continue to build on 9to5’s excellent position in the US office furniture market.
“We are proud to join Flokk, which is well recognized across the industry as one of the most innovative and design-oriented manufacturers of workplace furniture. We have established a strong position in our key U.S. market and invested heavily in modern production facilities in California and China. We look forward to becoming a part of Flokk to further grow and expand 9to5 Seating to the benefit of our dedicated employees and end customers,” says Dara Mir, CEO and President of 9to5 Seating.
Originating from a group of Scandinavian brands (HÅG, RH and RBM) with some of the industry’s most efficient manufacturing plants in Røros (Norway) and Nässjö (Sweden), Flokk has led the way in the consolidation of the European workplace furniture industry. Supported by its majority owner Triton, the group has acquired the Swedish companies Malmstolen and Offecct, the Benelux market leader BMA, the Swiss market leader Giroflex, and the Polish market leader Profim. With the acquisition of 9to5 Seating, Flokk expands its footprint in the important U.S. market.
“Flokk is building a leading international workplace furniture group both organically and through active use of M&A. We are very excited to have the 9to5 Seating team join us on our growth journey. 9to5 Seating is a strong fit with Flokk and has realized an impressive record of delivering strong revenue growth while maintaining industry-leading margins over the past years on the back of targeted product development and superior manufacturing capabilities. 9to5 Seating has built an excellent stand-alone platform for further growth and by leveraging Flokk’s extensive manufacturing, logistics and go-to-market know-how, we believe we can take 9to5 Seating to the next level and realize its high ambitions for the future,” says Lars I. Røiri, CEO of Flokk.
Founded in California in 2004, 9to5 Seating has developed into an established manufacturer of office seating products in the U.S. market, leveraging its ability to combine style, value and quality in its offering. It integrates extensive flexibility and customization in its product development approach to be able to meet the comprehensive seating needs of the modern office.
“With the acquisition of 9to5 Seating, we will take another significant step towards becoming a true international powerhouse in this industry. 9to5 Seating is a well-run, fast-growing company with strong market positions which will bring substantial value to the group,” concludes Mr. Røiri.
To read more from Flokk about the acquisition click here.
Flokk is the leading manufacturer of high-quality workplace furniture in Europe, developing a growing family of brands. The company is proud owner of the HÅG, RH, Giroflex, BMA, RMB, Offecct, Profim and Malmstolen brands. More than 2,300 employees work together to achieve its vision: Inspire Great Work. The company’s head office is in Oslo, Norway, with main production units in Røros (Norway), Nässjö (Sweden) and Turek (Poland). The company has additional sales offices in Denmark, Germany, Belgium, the Netherlands, UK, France, Switzerland, Singapore, USA, Canada, China and Australia. Flokk products are sold in more than 80 countries worldwide. In 2018, the company recorded a proforma turnover of NOK 3.0 billion (USD ~330 million). For more information, please visit www.flokk.com.