Steelcase to Acquire Smith System, Industry Leader in preK-12 Education Market

GRAND RAPIDS, Mich., June 08, 2018 (GLOBE NEWSWIRE) — Steelcase Inc. (NYSE:SCS) today announced that it has signed a definitive agreement to acquire Smith System Manufacturing Company, a Texas-based manufacturer of high quality furniture for the preK-12 education market designed to inspire better learning and improve outcomes for students.

The acquisition is expected to advance Steelcase’s growth strategy to offer a broad range of innovative solutions to customers in the education, healthcare, and office markets.

“As education markets continue to grow, the combination of Steelcase and Smith System will create incredible value for our customers,” said Allan Smith, Vice President of Global Marketing at Steelcase. “Together, we can help schools create outstanding learning environments where students thrive, such as collaboration spaces, makerspaces and tech labs.”

Read more: (GLOBENEWSWIRE) https://globenewswire.com/news-release/2018/06/08/1519026/0/en/Steelcase-to-Acquire-Smith-System-Industry-Leader-in-preK-12-Education-Market.html

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