HNI Corporation, which manufactures workplace furnishings, said it will acquire Steelcase in a $2.2 billion deal. Furniture maker Steelcase is being acquired by HNI Corporation in a $2.2 billion deal that shows the upside to office furniture at a time when return-to-office remains on the rise.

HNI agreed to buy office furniture maker Steelcase in a cash-and-stock deal worth about $2.2 billion, it said on Monday, as it looks to capitalize on more companies asking employees to return to office.

HNI Corporation has agreed to acquire Steelcase Inc. Read what this deal means for the stocks here. Click here to find out why HNI stock is a Hold.