Steelcase, Inc.

Steelcase, Inc.

Steelcase, Inc.

Overview
Date Founded

1912

Headquarters

901 44TH STREET SE, GRAND RAPIDS, MI, 49508, USA

Type of Company

Public

Employees (Worldwide)

12.7K

Industries

Equipment & Office Supplies
Retail: Other
Industrial Machinery & Manufacturing
Wholesale: Consumer Durables
Furniture

Company Description

Steelcase Inc. manufactures and sells integrated furniture settings, user-centered technologies, and interior architectural products. It operates through Americas, EMEA, and Other Category segments. The firm's furniture portfolio includes panel, fence and beam-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as complementary products, including work tools and screens. Its seating products comprise ergonomic task chairs; seating for collaborative or casual settings; and specialty seating for specific vertical markets, such as healthcare and education. The firm's interior architectural products include full and partial height walls and architectural pods. It also provides textiles, wall coverings, and surface imaging solutions for architects and designers; and ceramic steel surfaces for use in various applications, including static whiteboards and chalkboards through third party fabricators and distributors, as well as workplace strategy consulting, data-driven space measurement, lease origination, furniture and asset management, and hosted event services. The company markets and sells its products to corporate, government, healthcare, education, and retail customers under the Steelcase, Coalesse, Smith System, AMQ, Turnstone, Orangebox, Designtex, and PolyVision brands. Steelcase was founded by Peter Martin Wege, Walter D. Idema, and David Hunting on March 14, 1912 and is headquartered in Grand Rapids, MI.

Contact Data
Trying to get in touch with decision makers at Steelcase, Inc.? Subscribe today to access their professional contact information and receive a one time promotion of free Contact Data credits!
Executives & Employees

President, Chief Executive Officer, Director

Senior Vice President, Chief Financial Officer & Principal Accounting Officer

Senior Vice President, Chief Administrative Officer, General Counsel & Secretary

Vice President, Global Operations

President, Asia Pacific

President Asia Pacific

Director of Investor Relations & Assistant Treasurer

Senior Vice President, Americas

Senior Vice President, EMEA

Vice President, Global Design & Product Engineering

Paths to Steelcase, Inc.
Potential Connections via
Relationship Science
You
Steelcase, Inc.
Owners & Shareholders
Details Hidden

EARNEST Partners is an institutional investment firm with a global network that we believe enables us to see and to seize opportunities that other investors overlook or cannot access. The firm manages approximately $20 billion in assets for clients around the world, including corporate pension plans, state and municipal pension plans, jointly-trusteed plans, foundations, endowments and sovereign wealth funds. We also manage portfolios for high net worth individuals through the platforms of some of the largest broker dealers in the world. In addition to our separate account business, EARNEST Partners is the sole subadvisor for the Hancock Horizon Diversified International Fund, the Touchstone Total Return Bond Fund and the Harbor Small Cap Value Fund. The Firm manages Approximately $20 Billion in assets for clients around the world. Local Touch We are fundamental, bottom-up investors; our investment decisions focus on the merits of individual securities. We believe the best investment decisions are thoughtfully distilled from a pool of expertise, and we are pleased to offer our clients a team with the experience and the network to assess the relevant geopolitical issues, demographic trends and cultural considerations impacting our investments. As a component of our due diligence process, investment team members regularly perform company visits across the Americas, the Asia Pacific region, Western and Eastern Europe, the Middle East and the Sub-continent. Collectively, EARNEST Partners' stakeholders have lived and worked in dozens of countries, and are fluent in the language, commerce and culture of diverse economies that represent a significant portion of the world's economic value and future growth. We believe that identifying the most attractive investment opportunities takes the proper focus: a global focus.

Details Hidden

Cooke & Bieler employs a traditional, conservative, domestic equity, value investment strategy. They generally employ a long-term approach, rather than engaging in trading or speculative investment strategies. Cooke & Bieler are active, bottom-up managers who study the fundamental characteristics of companies and the industries in which they operate to reach a conclusion on their quality and intrinsic value. Their security analysis also emphasizes research meetings and interviews with corporate management. The firm seeks to take advantage of short-term but fixable problems, either industry-wide or in specific investee companies. The quality characteristics they insist on allow management time to fix internal issues, to outlast competitors in consolidating industries, or to take advantage of economic cycles. Cooke & Bieler believes that their explicit focus on price and quality differentiates them from other value oriented managers. They base their valuation on ten years of projected cash flow plus a terminal value, and our historical holding period has been 3 to 5 years. Cooke & Bieler provide investment advice with respect to the following strategies: Large Cap Value, Mid Cap Value, All Cap Value, Small Cap Value, SMID Cap Value and Balanced.

Details Hidden

Matarin Capital Management employs a quantitative investment approach that seeks to generate superior risk-adjusted investment returns. The firm seeks to capitalize on the occasional mispricing of individual securities and broad asset classes that occurs in the capital markets.The firm's Market Neutral US Plus strategy seeks to outperform cash while minimizing stock market risk by investing both long and short in US equities. The strategy is designed to achieve annualized excess returns of 5% to 7% with a tracking error of 6% to 10%.Matarin Capital Management's North America Small-Cap strategy seeks to outperform the S&P 600 Index over a 3 to 5-year investment horizon. It is a long-only portfolio that holds and average of 100 positions selected from a universe of small-cap North American equities and is diversified across industries and sectors. The strategy is designed to achieve annualized excess returns of 2% to 4% with a tracking error of 3% to 6%.The firm's Global Markets Select strategy seeks to deliver absolute returns by making opportunistic long and short investments in stock indices, sovereign debt, money markets, currencies and commodities using global futures contracts. The strategy is designed to achieve annualized excess returns (above a cash benchmark) of 8% to 12% with a tracking error of 12% to 18%.

Recent Transactions
Details Hidden

Industrial Opportunity Partners LLC purchases PolyVision Corp. from Steelcase, Inc.

Details Hidden

Steelcase, Inc. purchases Orangebox Group Ltd.

Details Hidden

Steelcase, Inc. purchases Smith System Manufacturing Co.

Transaction Advisors
Accountant

Advised onSteelcase, Inc. purchases Steelcase Strafor Group from Facom SAS

Investment Advisor

Advised onSteelcase, Inc. purchases Steelcase Strafor Group from Facom SAS

Selling Group Member

Advised onSteelcase, Inc. issued USD Common Stock

Advisors & Consultants
Legal Advisor

Partner at Quarles & Brady LLP

Advisor

General Partner at Foundation Capital LLC

Legal Advisor

Partner at Skadden, Arps, Slate, Meagher & Flom LLP

Clients

The National Investment Center For Seniors Housing & Care enables access and choice in seniors housing and care. It provides data and analytics that seniors, investors, and operators need to make informed decisions, and by facilitating the connections between these groups to benefit America's elders. The company was founded by Bob Kramer in 1993 and is headquartered in Annapolis, MD.

Kurogane Kosakusho Ltd. engages in the manufacture and sale of furniture for office, facilities, and home usage. It operates through the Furniture-related and Building Incidental Equipment segments. The Furniture-related segment provides fixtures such as office desks, chairs, counter tables, file cabinets, lockers, and vaults. The Building Incidental Equipment segment offers clean-room equipment, air conditioning units, air diffusers, and construction-related equipment. The company was founded in March 1927 and is headquartered in Osaka, Japan.

The Government of the United States of America is the federal government of the republic of fifty states that constitute the United States, as well as one capital district, and several other territories. The federal government is composed of three distinct branches: legislative, executive and judicial, whose powers are vested by the U.S. Constitution in the Congress, the President, and the federal courts, including the Supreme Court, respectively.

Key Stats and Financials As of 2020
Market Capitalization
$1.37B
Total Enterprise Value
$2.11B
Earnings Per Share
$1.66
Revenue
$3.72B
Total Debt
$741M
Total Equity
$970M
Enterprise Value Sales
0.57x
Enterprise Value EBITDAOperating
5.46x
TEVNet Income
10.79x
Debt TEV
0.35x
EBITDAMargin
9.12%
Net Profit
$196M
EBITDA
$340M
Non-Profit Donations & Grants
Investments
Details Hidden

LiquidSpace, Inc. operates as an online marketplace for finding and booking flexible office and meeting space. It provides desks, meeting rooms and private offices to freelancers and virtual companies. The firm also offers a central directory of what is available, handles reservations, collects fees and performs the necessary back-office accounting tasks. The company was founded by Mark Gilbreath and Marinaro E. Douglas, Sr. in 2010 and is headquartered in Palo Alto, CA.

Investors
Details Hidden

Vice President, Trustee at The Wege Foundation

Suppliers
Leggett & Platt, Inc. Industrial Machinery & Manufacturing | Carthage, MO

Leggett & Platt, Inc. engages in the manufacture and distribution of furniture and engineered components; and products among homes, offices, automobiles, and commercial aircraft. It operates through the following segments: Bedding, Flooring & Textile, and Specialized Products. The Bedding Products segment supplies of products and components for the home, including mattress springs and specialty foam, as well as adjustable beds, bedding machinery, steel rod, and drawn wire. The Flooring & Textile Products segment is a producer of an extensive line of components and engineered systems for office, residential, and contract furniture manufacturers. The Specialized Products segment supplies titanium, nickel, and stainless steel tubing for the aerospace industry, and serve the construction market with hydraulic cylinders group. The company was founded J. P. Productsand C. B. Platt in 1883 and is headquartered in Carthage, MO.

Plastiques du Val de Loire SA Chemicals | Langeais, France

Plastiques du Val-de-Loire SA manufactures complex plastic parts for the automotive and consumer business industry. The company was founded by Charles Findeling on February 20, 1964 and is headquartered in Langeais, France.

Amber Road, Inc. IT Consulting & Services | East Rutherford, NJ

Amber Road, Inc. provides cloud-based global trade management solutions. Its software plans, optimizes, and executes all aspects of global trade. The firms solutions include global sourcing, risk and quality management, production management, transportation management, supply chain visibility, export and import management, duty management, global trade content database, trade advisory practice, and training. The company was founded in by James W. Preuninger and John W. Preuninger in 1990 and is headquartered in East Rutherford, NJ.

Competitors
HNI Corp. Equipment & Office Supplies - Muscatine, IA

HNI Corp. is engaged in the manufacturing and trading of office furniture. It operates through two segments: Office Furniture and Hearth Products. The Office Furniture segment manufactures storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems. The Hearth Products segment develops and markets gas, electric, wood and biomass burning fireplaces, inserts, stoves, facings and accessories. The company was founded by C. Maxwell Stanley, Clem Hanson and H. Wood Miller in 1944 and is headquartered in Muscatine, IA.

Herman Miller Inc Equipment & Office Supplies - Zeeland, MI

Herman Miller was a West Michigan businessman who helped his son-in-law, D.J. De Pree, buy the Michigan Star Furniture Company in 1923. De Pree had been working at the company, which opened in 1905, since he was hired in 1909 as a clerk. De Pree knew his father-in-law was a man of integrity, so he decided to rename the company after him. By the middle of the 20th century, the name Herman Miller had become synonymous with “modern” furniture. Working with legendary designers George Nelson and Charles and Ray Eames, the company produced pieces that would become classics of industrial design. Since then, we’ve collaborated with some of the most outstanding designers in the world, including Alexander Girard, Isamu Noguchi, Robert Propst, Bill Stumpf, Don Chadwick, Ayse Birsel, Studio 7.5, Yves Béhar, Doug Ball, and many talented others. Today, in addition to our classic pieces and new designs for the home, Herman Miller is a recognized innovator in contemporary interior furnishings, solutions for healthcare environments, and related technologies and services. A publicly held company headquartered in Zeeland, Michigan, we have manufacturing facilities in the United States, China, Italy, and the United Kingdom and sales offices, dealers, licensees, and customers in over 100 countries. We operate through several focused businesses, brands, and distribution channels, including Herman Miller, Herman Miller Healthcare, Nemschoff, Geiger International, and independently owned dealerships. All of them work to design and build a better world around you

Knoll, Inc. Equipment & Office Supplies - East Greenville, PA

Knoll, Inc. engages in the design and manufacture of commercial and residential furniture, accessories, and coverings. It operates through the following business segments: Office, Corporate. The Office segment includes systems, seating, storage, tables, desks, and KnollExtra ergonomic accessories. The Lifestyle segment includes Knollstudio, Holly Hunt, Datesweiser, Muuto, Knoll Textiles, Spinneybeck and Edelman leather. The company was founded by Hans G. Knoll and Florence Knoll in 1938 and is headquartered in East Greenville, PA.

Awards & Honors
Rank #716
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Steelcase, Inc.. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of Steelcase, Inc.'s profile does not indicate a business or promotional relationship of any kind between RelSci and Steelcase, Inc..