Allsteel has announced that COFCO, an office furniture and workspace solutions dealer, has acquired PBI, a 24-year old independently owned furniture dealer in Annapolis, MD. Beginning January 1st, 2019, PBI officially change its brand name to COFCO and will become a branch office serving the Washington, D.C. metro area. Founded in 1946, COFCO has been one of Allsteel's major furniture dealers since 1952.

“We are very excited to bring PBI into the COFCO family,” said Joan Waters, CEO of COFCO. “Their culture and vision line up with COFCO's extremely well and we believe this is an excellent opportunity for both companies.”

“We are thrilled to become part of a larger furniture dealership and to be instrumental in introducing COFCO to the DC area,” said Patricia Burnham, President of PBI. “It's been an amazing 24 1⁄2 year ride and we look forward to continuing to do what we do best!”

“We would like to congratulate COFCO on this new venture and expansion,” said Brandon Sieben, president of Allsteel. “Based on Allsteel and COFCO's shared commitment to exceptional customer service, we are confident that the extended partnership will be as successful in the Washington Metropolitan area as it has been in Pennsylvania and look forward to its continued evolvement and expansion.”