Steelcase to Take On-Line Bids from Contract Suppliers

New York — Steelcase is running a live auction on the Internet January 18 in the hope of getting better prices for its contract textile lines. The Steelcase purchasing department is running this auction. Until now, the Grand Rapids, Michigan-based contract furniture manufacturer has been purchasing its upholstery collections from Mastercraft. Mastercraft, rumored to be in the $12-$15 million range,...