HONG KONG, Aug. 19 /Xinhua-PRNewswire/ -- Herman Miller Inc today announces that it has negotiated an International strategic alliance agreement with POSH Office Systems (Hong Kong) Ltd. POSH is a leader in the design, manufacture and marketing of office systems across the Asia Pacific region. With a design office in Hong Kong, and ISO 9001/14001 accredited manufacturing facilities in China, POSH design and produce seating, systems furniture and storage solutions for business and home environments. The company sells through a substantial franchise network across China, and through a number of international distributors in Asia. The business was established over 45 years ago, and is headed by CEO, Eric Yim.
The agreement, which comes into effect on the 1st October 2008, allows Herman Miller and POSH access to each others’ product portfolio and distribution network. Both businesses will work closely together to ensure the expanded reach of their respective brands as they continue to support their rapidly expanding international customer base.
The alliance brings the strengths of both businesses together, developing a capability which creates significant growth opportunities for both companies and enables them to offer their customers a wider product offering and a greater choice of solutions.
Commenting on the alliance John Portlock, Herman Miller’s President for International said: "We have found the best partner to accelerate our progress in Greater China and Asia. I am delighted at the prospect of working with Eric Yim and his talented team as we extend our reach together".
"We are very excited to be partnering with John Portlock and the Herman Miller team," said Eric Yim, POSH President and CEO. "This alliance will not only provide broader capacity and capability in distribution and servicing our customers, but also improve the value proposition for our combined high-design product portfolios in the Asia Pacific region."
About Herman Miller Inc.
The designs and services of Herman Miller enhance the performance of human habitats worldwide, making customers’ lives more productive, rewarding, delightful, and meaningful. The company’s award-winning products, complemented by furniture management and strategic consulting services, generated over US$2 billion in revenue during fiscal 2008. Widely recognized for both its innovative products and business practices, Herman Miller is a recipient of the prestigious National Design Award for product design from the Smithsonian Institution’s Cooper-Hewitt, National Design Museum, and in 2008 the company was once again cited by FORTUNE magazine as the "Most Admired" company in its industry and included among CRO magazine’s "100 Best Corporate Citizens." The company trades on the NASDAQ Global Select Market under the symbol MLHR.
About POSH Office Systems
Based in Hong Kong, POSH is a leader in the design, manufacture and marketing of office systems in Asia Pacific. The company operates with over 1000 employees, a design office in Hong Kong, a franchise network in China and over 30 international distributors worldwide. POSH has been voted as the "Best Office Furniture Brand" in Hong Kong by CAPITAL magazine in 2007; and recognized with the award of "Eco-Business 2007" by Business Environment Council and "The Green Medal" by The Federation of Hong Kong Industries for its leadership and stewardship in protecting the environment. Eric Yim was also honored as the Young Industrialist of Hong Kong 2005.
Internet For more information on Herman Miller visit http://www.hermanmiller.com
For more information on POSH Office Systems visit http://www.posh.com.hk
