Herman miller, inc. (nasdaqgs:mlhr) acquired the remaining 50% stake in naughtone holdings limited and naughtone manufacturing ltd. for approximately $46.1 million.

Herman miller, inc. (nasdaqgs:mlhr) acquired the remaining 50% stake in naughtone holdings limited and naughtone manufacturing ltd. for approximately $46.1 million on october 25, 2019. net sales for naughtone’s most recent fiscal year that ended in may 2019 totaled approximately $37 million. excluding potential one-time purchase accounting adjustments, this transaction is expected to have an incremental $0.01 to $0.03 accretive impact on earnings per share in the remaining seven months of fiscal 2020. herman miller, inc. (nasdaqgs:mlhr) completed the acquisition of remaining 50% stake in naughtone holdings limited and naughtone manufacturing ltd. on october 25, 2019.
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