Transaction
Michigan Spring and Stamping, LLC, a portfolio company of the Hines Corporation, has been acquired by Hugo Kern und Liebers GmbH & Co. KG. Cowen acted as exclusive financial advisor to Hines Corporation
Client
Hines Corporation is a family-owned industrial company based in Spring Lake, Michigan. It holds a diverse set of North American manufacturing companies serving the commercial and industrial markets.
Buyer
Kern-Liebers develops and manufactures precision products across nine product groups serving the automotive and textile markets. Founded in 1888, Kern-Liebers employs around 8,000 people in over 50 companies at more than 40 locations around the world. Kern-Liebers is headquartered in Schramberg, Germany.
Michigan Spring is a vertically-integrated manufacturer of precision metalformed components and assemblies. Its product family includes technical springs, precision stampings, wire forms and assemblies. Michigan Spring serves numerous customers in the automotive, industrial, medical and recreation vehicle markets. The company operates from four locations in the United States and China.
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