Added: Feb 7, 2012
From: FinancialNewsOnline
Duration: 0:53
Knoll (NYSE:KNL) announced that it has acquired FilzFelt, purveyors of German-milled 100% wool design felt as well as felt floor coverings and architectural applications for the residential, hospitality and contract office furniture markets. Andrew B. Cogan, Knoll CEO, said, "The acquisition of FilzFelt reflects our strategy of building sales in our high design, high margin specialty businesses which appeal to both commercial buyers and consumers worldwide." Knoll (NYSE:KNL) has potential upside of 33.4% based on a current price of $16.87 and an average consensus analyst price target of $22.5.
Channel: News
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