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Haworth, Inc.: SWOT Analysis & Company Profile

VIEWS: 117 PAGES: 16

Business Review’s Haworth, Inc. contains a company overview, key facts, locations and subsidiaries, news and events as well as a SWOT analysis of the company.

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									Haworth, Inc.

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Haworth, Inc.: SWOT Analysis & Company
Profile



Reference code: BRCP148CP10-Q4

Published: Oct 2010




Business Review
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7 Carmelite Street
London EC4Y 0BS
United Kingdom
Tel: +44 (0) 20 7936 6400
Fax: +44 (0) 20 7336 6813




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Haworth, Inc. - SWOT Profile                                                        Page 1
Haworth, Inc.

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Haworth, Inc. - Company Overview

Haworth, Inc. (Haworth) is a global leader in providing office furniture and organic workspaces. The company is engaged
in designing and producing office furniture and workspaces systems. Various products offered by the company include
partitions, desks, chairs, tables, and storage products, raised access flooring, movable walls, modular voice and data
cabling systems, systems furniture, wood and metal casegoods, files, and seating products. The company serves the
contract furniture and workspace interiors markets in over 120 countries through a network of 600 dealers around the
world. The company operates 20 manufacturing facilities in 10 different countries, and 60 sales offices across North
America, Asia Pacific, Middle East, Latin America and Europe. The company is headquartered in Holland, Miami, the US.


Financial Performance

During the fiscal year 2009, Haworth reported revenues of USD 1.11 billion, a decrease of 32.73% as compared to the
revenues of 2008.




Haworth, Inc. - Key Facts

Haworth, Inc., Key Facts

                                  One Haworth Center, Holland,
                                  Michigan (MI), 49423-9576,        Ticker Symbol, Stock
Corporate Address:                                                                                   N/A
                                                                    Exchange
                                  United States


Telephone                         + 1 616 3933000                   No. of Employees                 7,500



Fax                               + 1 616 3931570                   Financial Year End               December



URL                               www.haworth.com                   Revenue (in USD Million)         1,110.00



Industry                          Consumer Packaged Goods



Locations                         China, India, France, Germany, Italy, Portugal, Spain, Switzerland, Canada, United States

Source: Annual Report, Company Website, Primary and Secondary Research




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Haworth, Inc. - SWOT Profile                                                                                                  Page 2
Haworth, Inc.

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Haworth, Inc. - Business Description

Haworth, Inc. (Haworth) is a privately-held company, principally engaged in designing and manufacturing office furniture
and workspaces, including moveable walls, raised access floors, seating, systems furniture, storage and wood
casegoods. Haworth employed 7,500 people as of 31 December, 2008.

The company offers its products under four categories, namely Furniture, Architectural, Surface Collection and Featured
Collection.

Haworth, under the Furniture category offers desks, storage, lighting, seating, systems and tables. Further, under the
Architectural category, it offers access floors, moveable walls and utilities. Similarly, under the Surface Collection
category, it offers systems fabrics, seating fabrics, laminates, wall coverings, system trims, seating trims, architectural
trims, and others. Under the Featured Collection category, the company provides compose benching and wood
enhancements, planes height-adjustable tables, teccrete enhancements and LIM light products.

Haworth principally serves two types of markets, namely, contract furniture and workspace interiors, and mid-market
furniture.

The company serves the contract furniture and workspace interiors markets in Europe, North America, Asia Pacific,
Middle East and Latin America regions. Through its dealers, the company provides sales and service support to its
customers. In the European region, it principally offers seating, furniture systems, conference solutions, public seating,
and wall partitions under the brand names of Comforto, Castelli, Dyes, and Art.Collection. In the Asia Pacific, Middle East
and Latin America regions, the company provides furniture systems, seating, executive offices, and conference solutions
under the brand name of Haworth. In the North American region offers moveable walls, access flooring, integrated
modular systems furniture, desking systems, seating, executive casegoods, freestanding wood, laminate and steel
casegoods, freestanding storage products, conference solutions, electrical and cabling support systems, and lighting
products under the brand name of Haworth.

Further, Haworth serves mid-market furniture markets through its operating company, Groupe Lacasse. Laminate
casegoods, seating, systems, lateral filing and storage, and educational furniture are the products offered by the company
through Groupe Lacasse under Lacasse, Nvision and United Chair brands in the Mid-market, and North American
markets.

Haworth operates 20 manufacturing facilities in 10 different countries of North America, Europe and Asia Pacific regions.
The company markets its products in 120 countries through a network of more than 600 dealers. It maintains research
and development facilities in Germany, Italy, China, France, Canada and the US. The company operates showrooms in
the US, the UK, Canada and Spain, Germany and other locations. These showrooms are located at Calgary, Chicago,
Dallas, London, Los Angeles, Madrid, New York, One Haworth Center, Toronto, and Washington D.C.

Recently, the company reopened its Barcelona showroom. Further, the Haworth showroom in Budapest has been
relocated to Graphisoft Park, a research and business park in North Budapest.




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Haworth, Inc. - SWOT Profile                                                                                      Page 3
Haworth, Inc.

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Haworth, Inc. - Major Products and Services

Haworth, Inc. is one of the leading manufacturers of office furniture and interior architecture. The key products offered by
the company include the following:

Haworth, Inc., Major Products and Services
Products:

Walls

Floors

Utilities

Systems

Seating

Lighting

Desks

Casegoods

Storage

Tables

Surface Collection

Partitions

Interior Architecture

Brands:

Accolade

Boogie

3D Comforto

Compose

Dynacom

Era-1

Glacier

Haworth

Improv Tag

JumpStuff

Kinetics

Kyo Leg
								
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