Fellowes has completed the full acquisition of Posturite Ltd, a leading UK manufacturer of ergonomic furniture, to enhance its growth strategy in the expanding ergonomic market.

Target Information

Fellowes, a prominent US office equipment company, has successfully completed the full acquisition of Posturite Ltd, the foremost manufacturer and distributor of ergonomic furniture and equipment in the UK. This deal follows Fellowes' initial investment in Posturite in 2017, when it acquired a 20% stake, establishing a collaborative relationship that has now culminated in the purchase of the remaining 80%.

Posturite, located in Berwick, East Sussex, employs approximately 200 individuals and boasts an impressive turnover of £30 million. The company serves a diverse clientele, with 80% of the UK's top 250 companies relying on its products to address musculoskeletal issues faced by employees.

Industry Overview

The ergonomic furniture industry in the UK has experienced significant growth in recent years, driven by increasing awareness of workplace health and safety, as well as the rising preval