Knoll, Inc. announced the acquisition of Fully, a Portland, Oregon-based eCommerce furniture brand
with products targeted for home
offices and small businesses.
Announced Aug. 26 by Knoll,
the acquisition is for $35 million
plus contingent future payments,
dependent on the performance
of the business over the next four
years. Fully will continue to operate
as an independent company, brand
and website, with its headquarters
in Portland. The eCommerce firm
reported revenues of $54 million for
the trailing 12 months.
Founded in 2006 by David Kahl,
Fully pioneered direct-to-consumer
sales of high-quality, high-perfor-mance adjustable height desks,
ergonomic chairs and accessories
principally for individual home offices and small businesses through
its website, fully.com. The company
is a certified B Corp., with verified
social and environmental performance, public transparency and
Knoll said Fully’s digitally native
platform enables it to expand its distribution and reach a new audience.