GRAND RAPIDS, Mich., July 28 (UPI) -- Wind Point Partners, a private equity firm, bought Knape & Vogt Manufacturing Co., a Michigan office product maker, for $106 million plus debt assumption.
Wind Point bought K&V in partnership with Peter Martin, who is assuming the role of K&V's chief executive, and Bill Denton, who is assuming the role of K&V's chairman.
K&V, which will be taken private, employs about 600 people at its headquarters and main manufacturing facilities in Grand Rapids and a smaller manufacturing
operation in Ho Chi Minh City, Vietnam, and showroom and sales offices in
Chicago and Mississauga, Ontario.