Japanese office furniture and stationery giant KOKUYO Co., Ltd. has announced a strategic acquisition of HNI Corporation’s Indian subsidiary, HNI Office India Ltd. This move is part of KOKUYO’s broader plan to accelerate growth in the Asian market. The agreement, which was officially finalized recently, aligns with KOKUYO’s long-term goal of achieving USD 3.5 billion in net sales by 2030. While the financial terms of the deal have not been disclosed, this acquisition represents a key milestone for KOKUYO as it continues to expand its presence in the global office furniture and business stationery sectors.
Strengthening KOKUYO’s Presence in India
Japan’s KOKUYO has a solid footprint in India, thanks to its well-established stationery brand, KOKUYO Camlin, which the company has partnered with for over ten years. The acquisition of HNI Office India adds a new dimension to KOKUYO’s operations, reinforcing its commitment to the Indian market. HNI India, known for its design-oriented office furniture and strong manufacturing capabilities, complements KOKUYO’s existing strengths and broadens its market share in the region. This strategic acquisition is poised to enhance KOKUYO’s competitive edge in India and across Asia.
Boosting Innovation and Regional Growth
With over 7,600 employees across Asia, Japan’s KOKUYO is set to leverage HNI India’s strong local presence and capabilities to propel its growth strategy in Asia. The acquisition will allow KOKUYO to drive innovation, scale its operations, and reach a wider customer base across diverse international markets. By integrating HNI India’s operations, KOKUYO aims to enhance its regional offerings and further solidify its position as a leader in the office furniture and stationery industries. As KOKUYO looks to expand its reach, this acquisition will play a central role in the company’s long-term vision for regional growth and market diversification.
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