As West Michigan struggles to regain its footing as a key player in the automotive manufacturing sector, out-of-state investors are taking interest in the region's manufacturing capabilities and skilled workers. One East Coast company recently put up millions to acquire one of the region's leading manufacturers.
According to excerpts from the story:
UFP Technologies, Inc., a manufacturer of packaging and specialty component products, today announced the acquisition of Stephenson & Lawyer, Inc., located in Grand Rapids, MI. S&L is a full service designer, converter, and distributor of foam plastic products, specializing in technical polyurethane foams. S&L sales in 2007 were approximately $13 million.
Read the complete story here.
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