Thirty two years ago Fritz Knauf got a call from a supplier he had worked with while purchasing sheet metal products from a variety of businesses. That supplier had call to inform Fritz that his company was going out of business, so Fritz pounced on the opportunity along with his brother-in-law, and acquired the assets of the company and resumed operations. That purchase became the backbone of C.N.C. Products of Niles. That was 1987. Fast forward to April of 2019, and C.N.C. Products has been acquired this week by a private equity firm to bolster operations into the future.
With the assistance of brokers at Calder Capital of Grand Rapids, C.N.C. Products has been acquired by Parker Holding, Inc. of South Bend.
C.N.C. Products, located at 2126 S. 11th Street in Niles, has been providing sheet metal fabrication services to customers for more than 30 years, boasting an ISO 9001:2008 certification and sporting a diverse customer base. The company specializes in all kinds of steel including stainless steel, aluminum, mild steel, galvanized and aluminized steels. They also routinely work with structure channels, tubing and plate steel. They are a full service metal fabricator offering small to high volume production, including complex, custom and precision sheet metal assemblies, complete design, engineering, and services for prototypes.
C.N.C’s diverse clientele have included customers in such industries as:
- Medical equipment
- Laboratory equipment & cabinetry
- Industrial material handling systems
- Nuclear
- RV Industry
- Computer cabinetry
- Imaging & X-Ray
- Battery Manufacturing oven housings
- Food Production equipment
- High Speed automated lines
- Automotive
- Bus Industry
- Electronics
- Food & Dairy
- General Industrial
Gerri Davis-Parker is President & CEO of Parker Holding. She is pleased to be acquiring C.N.C. Products, with plans to keep the team together. Her company specializes in the acquisition and management of solid lower- and middle-market companies that are generally family-owned and without a succession plan or a successor in place.
By taking control at C.N.C. Products, Parker Holding looks to improve efficiency and profitability, while growing the market share of the company as is their goal at each acquisition they make. Parker Holding’s focus is keeping long standing employee teams together to ensure continuity of customer service and to maintain a cohesive workforce. That ensures a smooth transition for everyone involved.
Mrs. Davis-Parker voiced excitement over finding C.N.C. Products, saying, “We are pleased and excited to work with the existing team at C.N.C. Products and begin investing in the company’s future. Calder Capital’s assistance in closing the transaction is greatly appreciated.”
Calder Capital, LLC served as the exclusive M&A Advisor to C.N.C. Products LLC.
C.N.C. Products engaged Calder Capital in the fall of 2018 and the transaction closed this week. It was Calder’s 6th closing of 2019.
The image of CNC tooling bits used in the photo accompanying this story on Moody on the Market is for illustration purposes only, and does not necessarily represent actual tooling at C.N.C. Products.
