September 19, 2003—Haworth, Inc. and Interface, Inc. have signed an agreement for Haworth to purchase the assets of Interface Architectural Resources (InterfaceAR), a Grand Rapids-based manufacturer of raised/access flooring currently owned by Interface. The transaction, which includes certain inventory, real estate, fixed assets and intellectual property, is expected to close on September 26, 2003.
InterfaceAR manufactures raised/access flooring used in new and existing commercial buildings. According to Haworth president and CEO Robert Krasa, this acquisition gives Haworth the most complete line of raised/access flooring solutions in North America.
“The acquisition strengthens and complements our architectural product lines of LifeSpace movable walls, Nexus low-profile raised/access flooring, DataThing data and Powerbase electrical modular cabling solutions,” Krasa said. “Combined with our systems furniture, seating, storage products and case goods, Haworth offers the most complete line of modular workspace solutions available. This concept responds to the growing demand for work spaces that are flexible, easy to reconfigure and environmentally friendly. The environmental advantage offered by raised/access flooring was a key driver in our decision to pursue this opportunity.”
Haworth has a long history of environmental leadership in its industry. It has earned such honors as the Michigan Recycler of the Year Award and the federal government’s Evergreen Award for environmental responsibility.
For more information, contact Haworth.
