HNI Corporation to Close Wayland Plant and Consolidate Production

Reuters

Jan 09

HNI Corporation to Close Wayland Plant and Consolidate Production

HNI Corporation has announced plans to exit its Wayland, New York, manufacturing facility in 2027 as part of a broader corporate reorganization. Production will be consolidated into other North American facilities, with all Wayland products shifting to existing sites across the HNI manufacturing network. The move, enabled in part by the integration of Kimball International, is expected to save approximately $7.5 to $8.0 million annually once fully implemented. The company anticipates pre-tax charges of about $14.9 million related to the transition in 2026 and 2027, which includes both cash and non-cash costs. The consolidation will result in the termination of approximately 135 positions at the Wayland facility. HNI stated that the Gunlocke brand will remain an important part of its portfolio, with no anticipated changes to the product lineup.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HNI Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260108715888) on January 08, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Production will be consolidated into other <a href=\"https://laohu8.com/S/FNCSF\">North American</a> facilities, with all Wayland products shifting to existing sites across the HNI manufacturing network. The move, enabled in part by the integration of Kimball International, is expected to save approximately $7.5 to $8.0 million annually once fully implemented. The company anticipates pre-tax charges of about $14.9 million related to the transition in 2026 and 2027, which includes both cash and non-cash costs. The consolidation will result in the termination of approximately 135 positions at the Wayland facility. 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ID: 20260108715888) on January 08, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HNI","symbol_name":"HNI Corp","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260108:nNDLXk9wV:1","article_id":"2602300392","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2602300392","pubTimestamp":1767897021,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"HNI Corporation has announced plans to exit its Wayland, New York, manufacturing facility in 2027 as part of a broader corporate reorganization. Production will be consolidated into other North American facilities, with all Wayland products shifting to existing sites across the HNI manufacturing network. The move, enabled in part by the integration of Kimball International, is expected to save approximately $7.5 to $8.0 million annually once fully implemented. The company anticipates pre-tax charges of about $14.9 million related to the transition in 2026 and 2027, which includes both cash and non-cash costs. The consolidation will result in the termination of approximately 135 positions at the Wayland facility. HNI stated that the Gunlocke brand will remain an important part of its portfolio, with no anticipated changes to the product lineup.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HNI":"HNI Corp","BK4143":"办公服务与用品"},"translate_title":"HNI公司将关闭韦兰工厂并整合生产","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HNI":0.9},"content_text":"HNI Corporation to Close Wayland Plant and Consolidate Production\n    \n\n        HNI Corporation has announced plans to exit its Wayland, New York, manufacturing facility in 2027 as part of a broader corporate reorganization. Production will be consolidated into other North American facilities, with all Wayland products shifting to existing sites across the HNI manufacturing network. The move, enabled in part by the integration of Kimball International, is expected to save approximately $7.5 to $8.0 million annually once fully implemented. 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