Owner sells Dienetics Inc. to Illinois buyer
The owner of a Jenison-based manufacturer sold the business to an out-of-state buyer.
NuVescor, a Hudsonville-based M&A service provider, advised Dienetics on the transaction.
Terms of the deal, which was reached earlier this spring, were not disclosed.
“We are excited to add dietetics to our manufacturing group,” said Mike Abrahams, president and owner of Excelsior. “The company and its employees bring an excellent history and in-depth knowledge in the segments of the automotive, medical and other industries that we intend to pursue and develop.
Dienetics provides custom cut materials to meet customer applications in a variety of industries including automotive, home appliance, medical furniture and office furniture.
Excelsior is a manufacturer of gaskets, washers, gaskets, insulators, gaskets, protective shims, protective covers and other precision parts from synthetic materials and thin metals.
Dienetics, based at 2206 Pine Ridge Drive in Jenison, was founded in 1955. The company’s expertise in die-cutting and die-fabrication services means it can provide customers with rapid prototyping, design resolution , faster production and shorter time to market, the company said. . From project design to delivery of engineering parts, Dienetics’ capabilities extend far beyond engineering, including services such as sorting, packaging, lightweight assembly and hot melt gluing. The company can work with materials such as foams, fibers, plastics, adhesives, panels and fabrics.
Dienetics’ operations consist of approximately 10% die manufacturing and 90% die cutting, primarily for the automotive industry. In the automotive market, Dienetics is a first and second tier supplier of die-cut foams, fibers, cardboard and plastics used in applications such as soundproofing and reinforcement materials for vehicles. headlining, visors, doors, engine compartments and trunks.
Excelsior has been operating since 1916. Over its 105 year history, it has developed the sophistication to deal with major international original equipment manufacturers while maintaining the scale and personalized service appreciated by businesses of all. sizes, Excelsior said. Whether it’s a standard part for a home consumer product or a proprietary part for an aerospace company, Excelsior designs, prototypes and manufactures parts that exactly meet its customers’ specifications.