Miller Johnson Represents Hines Corporation in Sale of Michigan Spring and Stamping
Miller Johnson represented Hines Corporation in its sale of Michigan Spring and Stamping (Michigan Spring) to KERN-LIEBERS. Michigan Spring manufactures technical springs, assemblies, precision stampings and wire forms used in a variety of industries. Michigan Spring has more than 170 employees and is based in Muskegon, Michigan with locations in Texas and China. KERN-LIEBERS is a precision manufacturer based in Schramberg, Germany and describes itself as a global technology leader for the production of highly complex strip and wire parts and assemblies.
After recent expansion of Michigan Spring’s operations into China, Hines Corporation realized that, with the right resources, there were significant opportunities to further grow Michigan Spring’s international presence. The sale was driven by those international opportunities for Michigan Spring to grow and its need for more specialized support to do so, said George “Bud” Hendrick, executive vice president of corporate development at Hines Corporation.
Tim Zwit, President of Michigan Spring, said “Michigan Spring and Stamping is excited to become part of the KERN-LIEBERS family of companies. We have a proud history of providing technical products to our multinational customer base out of three global locations. Under the KERN-LIEBERS Group, the opportunities to service our customers by expanding our product capabilities, manufacturing technology and plant locations will help maintain and improve our business for the future.”
Dustin Daniels and Neil Williams led Miller Johnson’s transaction team of Brittany Harden (Corporate), Jim Ens (Real Estate), Alan Schwartz (Environmental) Nate Plantinga (Employment), Frank Berrodin (Employee Benefits), and Loic Dimithe (Tax).
(hinescorp.com) Hines Corporation was founded in 1984 and leverages its operational expertise and financial discipline to acquire and improve industrial manufacturing companies. Hines Corporation companies are known for their quality, efficiency, durability, and energy-saving strategies.
(kern-liebers.com/en) KERN-LIEBERS is a worldwide supplier for systems vendors to the automotive, textile and consumer goods industries with over 40 locations around the world. Comprehensive know-how in metal working combined with special machining processes and technology represents the core competence of the group.
Miller Johnson’s Mergers and Acquisitions Group
Miller Johnson’s M&A practice group collaborates with clients and their advisors to structure, negotiate and close deals and to navigate the various challenges that can arise in the context of mergers, acquisitions, dispositions and other business combination or investment transactions. Miller Johnson is top listed for mergers and acquisitions with U.S. News & World Report’s Best Law Firms and is ranked by Chambers USA. At The M&A Advisor’s national awards and the ACG M&A Deals and Dealmakers regional awards, our attorneys are consistently involved in deals honored as winners and finalists. For further information, please contact Dustin Daniels at (616) 831-1737.