The second-generation owner of a manufacturer of polystyrene patterns and prototypes has sold the company.
Dan Vander Molen, former owner of Grand Rapids-based Van’s Pattern, sold the company to Schoolcraft-based LNS Manufacturing, owned by Larry DeHart and Van’s Pattern General Manager Glenn McQuarter, according to the Hudsonville-based mergers and acquisitions firm NuVescor Group, which brokered the transaction.
Terms of the deal were not disclosed.
DeHart is the new majority owner and president, while McQuarter is minority owner and will continue to serve as GM. Vander Molen will continue to serve in an advisory capacity for an unspecified period of time.
Vander Molen took over the company from his father more than 40 years ago, and prior to that, worked closely with his father, learning all aspects of the business. He said he witnessed the evolution of pattern-making from the early wood patterns and recognized an opportunity to produce patterns using foam.
Van’s Pattern today uses nine CNC-controlled cutting machines to meet the high-precision demands of the auto industry, special tool manufacturers and foundries.
The new owners have decades of manufacturing experience, according to NuVescor Group, with DeHart having grown two companies, including Kalamazoo-based Micro Machine Company, a medical device manufacturer he owned until 2010.
DeHart said Van’s Pattern was an attractive acquisition opportunity because it has been in business for 60 years and has a solid reputation in the industry, a mature workforce and is a pioneer in polystyrene pattern design and construction.
“With 48 years of production management background, growing two companies as well as owning one of them, I feel comfortable in my abilities to continue the established reputation (of Van’s Pattern), as well as promoting growth,” DeHart said.
DeHart said he is “keenly aware” of the challenges facing manufacturing today, especially in the contract manufacturing arena, but he expects to be able to grow the business. In addition to retaining Van’s Pattern’s current workforce of 21 people, DeHart and McQuarter will look to add eight to 10 employees in 2021, they said.
Nick Good, managing director of NuVescor Group, was the lead adviser on the transaction.
Founded in 1960, Van’s Pattern operates out of a 40,000-square-foot single location at 11 Sweet St. NW in Grand Rapids.
The company serves industrial original equipment manufacturers and tier two manufacturing clients, as well as iron and steel foundries across the U.S.
Established in 2007, NuVescor Group is an M&A firm that partners with other service providers to facilitate successful and timely business transactions.
NuVescor works within many different industries, with a particular focus in the manufacturing sector.