A Grand Rapids businessman purchased a manufacturer in Jackson and an associated company set up to divert its waste from the landfill.
Dustin Ruth, of Grand Rapids, recently acquired Jackson-based C&K Box and its sister company Mulch Wholesalers, according to Calder Capital, which served as the exclusive mergers and acquisitions adviser to the sellers.
Founded in 1960, C&K Box manufactures wood packaging products such as pallets, skids, crates, boxes, corner posts, stakes and custom products tailored to clients’ needs. C&K Box has been owned by the Stevens family for several decades, and Mulch Wholesalers was established by second-generation owner Mark Stevens in 1995 as a method to minimize waste produced by C&K Box. The two companies share a synergistic relationship.
C&K Box has 11 employees and Mulch Wholesalers has three, and they both operate at a location on Barrett Avenue in Jackson.
After 46 years of involvement with C&K Box, the Stevens family is ready to take a step back. The family engaged Calder Capital at the end of 2020 to find the right buyer for the companies, either separately or as a package.
Ruth has years of experience in business management, business ownership and sales, according to Calder Capital.
“The symbiotic relationship of these two companies immediately stood out to me,” Ruth said. “It’s rare to find two companies that are able to reduce waste and optimize sustainability so effectively. I’m excited to take it even further.”
Sam Scharich and Ghazey Aleck partnered as Calder’s lead M&A advisers on the transaction.
“Mark, Amy and the entire Stevens family were fantastic to work with,” Scharich said. “They took the time to really understand how the process works and therefore made themselves flexible and open to a number of showings and conference calls. … Dustin is getting two amazing, complementary businesses and is set up for success for many years to come.”
Mark Stevens said the Calder team was incredibly helpful.
“Sam was supportive and enthusiastic, with a willingness to answer questions at all hours of the day, and Ghazey assured our family all along the way that they could find the right buyer to continue the legacy created over 46 years,” he said. “The process was very smooth, and we certainly couldn’t have done it without them.”