June 25, 2009 (FinancialWire) — Herman Miller, Inc. (NASDAQ: MLHR) has acquired healthcare furnishings maker Nemschoff, Inc. through a combination of $32 million in cash and the issuance of 2,041,666 Herman Miller shares.

Nemschoff posted revenues of more than $90 million in 2008. The company’s shareholders may be entitled to an additional payment based on the performance of the entity, as well as Herman Miller’s share price, over the next two-year period.

Sheboygan, Wisconsin-based Nemschoff is a manufacturer of healthcare furnishings, with a specific focus on soft seating and the patient care environment. Nemschoff products are also specified in the commercial office and education markets.

Herman Miller CEO Brian Walker said that, because “…demand for healthcare services continues to grow faster than the overall economy,” Herman Miller has “focused an ever-increasing amount” of its strategic resources toward growing its product and solution portfolio for that customer segment.

Zeeland, Michigan-based Herman Miller is an American manufacturer of office furniture and equipment, as well as furniture for the home.

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