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
Industrial Machinery & Manufacturing
Wholesale: Consumer Durables
Furniture

Company Description

Steelcase, Inc. engages in the provision of furnishing solutions, and architecture, furniture, and technology products. It operates through following segments: Americas, EMEA, and Others. The Americas segment serves customers in the United States (U.S.), Canada, the Caribbean Islands, and Latin America. The EMEA segment serves customers in Europe, the Middle East and Africa primarily under the Steelcase and Coalesse brands. The Other segment includes Asia Pacific, Designtex, and PolyVision. The company 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

Chief Financial Officer, Chief Accounting Officer & Senior Vice President

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

Board of Directors

President & Treasurer at Dornick Foundation, Inc.

Founder at Arzu, Inc.

Former Executive Director at The Steelcase Foundation

Former Chief Financial Officer & Executive Vice President at FedEx Corporation

President & Chief Executive Officer at IDEO LP

President & Chief Executive Officer at Plexus Corp.

President at Grand Rapids Art Museum Foundation

Former Chief Executive Officer at Royal Group, Inc.

President, Chief Executive Officer, Director at Steelcase, Inc.

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

ClearArc Capital offers a broad array of equity, fixed income and specialty investment strategies as well as customized portfolios. The firm's fixed income investment team provides discretionary and non-discretionary asset management based on specific client investment mandates. Clients within each investment strategy share similar investment objectives. Additionally, ClearArc Capital offers a passive equity index product. The firm's investment strategies include: Large Cap Equity Index SRI, Core Fixed Income, Intermediate Government, Intermediate Government/ Credit Fixed Income, 1-3 Year Government LAM, 1-3 Year Government/ Corporate LAM, and Short Term Maturity LAM.

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

Steelcase, Inc. purchases Orangebox Group Ltd.

Details Hidden

Steelcase, Inc. purchases Smith System Manufacturing Co.

Details Hidden

Steelcase, Inc. purchases AMQ Solutions LLC

Insider Transactions
Details Hidden
Details Hidden
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

Legal Advisor

Partner, Mergers & Acquisitions, Capital Markets at Skadden, Arps, Slate, Meagher & Flom LLP

Advisor

General Partner at Foundation Capital LLC

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.

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.

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 Construction Equipment segments. The Furniture-related segment provides fixtures such as office desks, chairs, counter tables, file cabinets, lockers, and vaults. The Building Construction 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.

Key Stats and Financials As of 2019
Market Capitalization
$1.99B
Total Enterprise Value
$2.28B
Earnings Per Share
$1.05
Revenue
$3.44B
Net Profit
$124M
EBITDA
$256M
EBITDAMargin
7.43%
Total Debt
$487M
Total Equity
$850M
Enterprise Value Sales
0.66x
Enterprise Value EBITDAOperating
8.91x
TEVNet Income
18.47x
Debt TEV
0.21x
Three Year Compounded Annual Growth Rate Of Revenue
4.01%
Five Year Compounded Annual Growth Rate Of Revenue
2.87%
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 of Development at VIP Holding Co.

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: Residential Products, Industrial Products, Furniture Products, and Specialized Products. The Residential Products segment supplies a variety of components and machinery used by bedding manufacturers in the production and assembly of their finished products. The Industrial Products segment supplies steel rod and drawn steel wire to its other operations and to external customers. The Furniture Products segment supplies a wide range of components for residential and work furniture manufacturers, as well as select lines of private-label finished furniture, adjustable bed bases, fashion beds, and bed frames. The Specialized Products segment supplies lumbar support systems, seat suspension systems, motors and actuators, and control cables used by automotive manufacturers. This segment also produce and distribute tubing and tube assemblies for the aerospace industry and engineered hydraulic cylinders used in the material-handling and construction industries. The company was founded J. P. Productsand C. B. Platt in 1883 and is headquartered in Carthage, MO.

Plastiques du Val de Loire SA Other Manufacturing | Langeais, CE

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.

Prologis Property Mexico SA de CV Real Estate Investment Trusts | Ciudad de México, DF

FIBRA Prologis (CNBV: FIBRAPL 14) is a Mexican real estate investment trust formed to acquire, own and manage industrial properties in Mexico.

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 Wholesale: Consumer Durables - 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..
  • be_ixf; php_sdk; php_sdk_1.4.15
  • https://relationshipscience.com/organization/steelcase-inc-33450
  • https://relationshipscience.com/organization/steelcase-inc-33450