Acquisition of KV Moving Forward

Grand Rapids, MI — Knape & Vogt Manufacturing Co., the manufacturer of cabinet hardware, storage accessories and related products, has announced that the private equity firm Wind Point Partners has completed its due diligence process and is proceeding with its previously announced acquisition agreement.

The publicly traded Knape & Vogt, which is headquartered in Grand Rapids, announced in February that its board of directors approved an offer by Wind Point Partners to acquire KV for $19 per share in cash.

The agreement, as of press time, remained subject to KV shareholder approval, as well as to certain other conditions, including the securing of financing by the Chicago-based Wind Point.

KV said it intends to solicit shareholder approval immediately.