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Kimball International Finalizes Purchase of Transwall, Inc.

15 September 1998

Kimball International Finalizes Purchase of Transwall, Inc.

    JASPER, Ind.--Sept. 15, 1998--Kimball International, Inc. , today announced the completion of the purchase of Transwall, Inc. of West Chester, Pennsylvania.
    On August 17, 1998, Kimball announced the signing of a definitive agreement to purchase the assets of Transwall, Inc.
    Transwall manufactures stackable panel systems under the brand name of "Reasons" and the "Corporate Wall" brand of floor-to-ceilings products.
    Kimball is a diversified manufacturer of consumer durable goods, including office, residential, hospitality and healthcare furniture, sold under the Company's family of brand names. Kimball also supplies electronic assemblies on a contract basis to customers in the automotive, aerospace, defense, telecommunications and computer industries. Other products produced by Kimball on an original equipment manufactured basis include television cabinets and stands, audio speaker systems, home furniture and pool tables, plywood, dimension stock and other lumber products.
    To learn more about the products and services offered by Kimball International, visit the company's web site located on the Internet at www.kimball.com.