Steelcase Stock Price, News & Analysis
Company Description
Steelcase Inc. (historically NYSE: SCS) is described in company communications as a global design and thought leader in the world of work. The company’s stated purpose is to help the world work better by researching, designing and manufacturing furnishings and solutions for many of the places where work happens. These environments include offices, homes, and learning and health settings, where organizations seek to support connection, creativity and performance.
According to Steelcase’s public disclosures, its solutions come to life through a global community of expert Steelcase dealers in approximately 790 locations, as well as through its online store and other retail partners. Steelcase has indicated that it works with more than 30 creative and technology partner brands and that its offerings are marketed to corporate, government, education, healthcare and retail customers through its Americas and International segments. In these segments, Steelcase has reported a portfolio of furniture, interior architectural, textile and surface imaging products that are sold primarily under brands such as Steelcase, AMQ, Coalesse, Designtex, HALCON, Orangebox, Smith System and Viccarbe.
Steelcase has reported that it employs thousands of people and that its teams focus on research-driven solutions that respond to how people want to work. Company statements emphasize work on better futures for the wellbeing of people and the planet, and describe ongoing cost reduction initiatives, restructuring actions and investments intended to support strategic initiatives and growth areas in both the Americas and International markets.
On August 3, 2025, Steelcase entered into an Agreement and Plan of Merger with HNI Corporation, Geranium Merger Sub I, Inc. and Geranium Merger Sub II, LLC. Under this agreement, HNI agreed to acquire Steelcase in a cash and stock transaction. Subsequent joint press releases and SEC filings explain that Steelcase shareholders were offered a choice among different forms of merger consideration, each combining cash and HNI common stock in varying proportions, subject to automatic adjustment mechanisms defined in the merger agreement.
On December 5, 2025, Steelcase reported that its shareholders approved the merger proposal at a special meeting. HNI shareholders also approved the issuance of HNI shares required for the transaction. A joint press release on that date stated that the transaction was expected to close on December 10, 2025, subject to customary closing conditions. Steelcase’s later Form 8-K dated December 11, 2025 confirms that the acquisition by HNI was completed on December 10, 2025 through a two-step merger structure.
According to that Form 8-K, Merger Sub Inc. first merged with and into Steelcase, with Steelcase continuing as the surviving corporation and becoming a wholly owned subsidiary of HNI. Immediately thereafter, Steelcase merged with and into Merger Sub LLC, which continued as the surviving entity and a direct wholly owned subsidiary of HNI. The filing further notes that on December 11, 2025, the surviving entity was converted to a Michigan corporation named “Steelcase Inc.”
In connection with the closing of the transaction, Steelcase notified the New York Stock Exchange that the first merger was consummated and requested that trading in Steelcase common stock be halted prior to the opening of trading on December 10, 2025. The same Form 8-K explains that Steelcase asked the NYSE to file a Form 25 to remove Steelcase common stock from listing and registration under Section 12(b) of the Exchange Act. The NYSE filed that Form 25 on December 10, 2025, and as a result Steelcase common stock is no longer listed on the NYSE.
Steelcase subsequently filed a Form 15 on December 22, 2025 to terminate the registration of its Class A common stock and suspend its duty to file periodic reports under Sections 13 and 15(d) of the Exchange Act. That filing notes that Steelcase became a wholly owned subsidiary of HNI and that the approximate number of holders of record of its Class A common stock was one as of the certification date. The Form 15 also references the NYSE Form 25 filed on December 10, 2025 to remove Steelcase’s Class A common stock from listing and registration.
Before the acquisition, Steelcase reported its financial results through its Americas and International segments. Public earnings releases for fiscal 2026 describe revenue growth driven by large corporate customers in the Americas, order patterns by customer type, and restructuring actions in both regions. These releases also discuss tariff costs, cost reduction initiatives, adjusted operating income and adjusted EBITDA, and they provide segment-level revenue and operating margin information. While these financial details are time-specific, they illustrate how Steelcase described its operations and performance in the period leading up to its acquisition by HNI.
Following completion of the transaction, Steelcase no longer trades as an independent public company under the SCS ticker. Instead, it operates as a wholly owned subsidiary within HNI’s corporate structure. HNI has stated in press releases that it intends to maintain the Steelcase brand and that Steelcase will maintain its headquarters in Grand Rapids, Michigan, while HNI’s corporate headquarters remain in Muscatine, Iowa.
Steelcase within the workplace furnishings industry
In multiple public descriptions, Steelcase characterizes itself as a global design and thought leader in the world of work, focusing on workplaces and related environments. The company has highlighted its research-driven approach, its collaboration with creative and technology partner brands, and its global dealer network as important aspects of how it serves customers. Within the broader manufacturing sector, Steelcase has been associated with office and workplace furnishings and interior architectural products, serving a mix of corporate, education, healthcare, government and retail customers across the Americas, EMEA and Asia Pacific.
Corporate transformation and investor implications
The acquisition by HNI represents a significant corporate transformation for Steelcase. For investors researching the historical SCS ticker, it is important to note that Steelcase common stock ceased trading on the NYSE on December 10, 2025, following the completion of the merger. Former Steelcase shareholders received merger consideration in cash, HNI common stock, or a combination, according to the election mechanics and proration provisions described in the merger agreement and related proxy materials.
Steelcase’s subsequent Form 15 confirms the termination of its registration and the suspension of its reporting obligations, which means that ongoing public financial reporting for the Steelcase business is now part of HNI’s consolidated disclosures. Users interested in the current performance of the Steelcase business need to review HNI’s filings and communications, while the SCS symbol and associated SEC filings provide a record of Steelcase’s history as a standalone public company.
Key historical points for SCS
- Steelcase Inc. operated as a publicly traded company under the ticker SCS on the New York Stock Exchange.
- The company described itself as a global design and thought leader in the world of work, focused on furnishings and solutions for offices, homes, and learning and health environments.
- Steelcase organized its operations into Americas and International segments, serving corporate, government, education, healthcare and retail customers.
- On August 3, 2025, Steelcase agreed to be acquired by HNI Corporation in a cash and stock transaction.
- On December 10, 2025, the acquisition closed, Steelcase became a wholly owned subsidiary of HNI, and trading in SCS on the NYSE was halted and then removed via Form 25.
- On December 22, 2025, Steelcase filed Form 15 to terminate the registration of its Class A common stock and suspend its periodic reporting obligations.