Last Wednesday Herman Miller Inc. made an exciting announcement that they acquired the designer textile company, Maharam Fabric Corp. Since 1902, Maharam has created interior textiles for commercial, healthcare, and residential interiors when founded by Russian immigrant Louis Maharam. Four generations later, brothers Michael and Stephen Maharam are the company’s CEO and COO and optimistically speak of the new relationship with Herman Miller.
Michael Maharam stated,”Much as we’ve struggled with this decision, our philosophical kinship with Herman Miller helped make this difficult step a far easier one. Beyond our shared objectives in design leadership, we consider Herman Miller to be an esteemed organization intent on doing well by its staff, clientele and the community. We believe they have the complementary intellect and resources to ensure Maharam a bright future while valuing our spirit and ways, and permitting the continued evolution of our unique approach. Herman Miller’s potential to provide the wherewithal to pursue important new initiatives, as well as an established reach into both retail and international markets and the greatest possible strength of association, offers a powerful lever in achieving our design-centered strategic vision.”
Herman Miller’s CEO, Brian Walker, is also excited about the acquisition and stated, “The combination of Herman Miller and Maharam is a natural and complementary union anchored in our shared values and built on years of business cooperation and personal friendship. Our respective and combined operational strengths and resources provide immediate, mutual strategic leverage.”
The synergy between the furniture company and textile company is a natural one that will enable the two to thrive as one. We’re thrilled for them both with this exciting opportunity. Here is to many years of creativity and success!