Knape & Vogt Mulls 'Strategic Options'

GRAND RAPIDS, MI — Knape & Vogt, the publicly traded manufacturer of kitchen and bath storage solutions and drawer slides, has revealed that it is pursuing “strategic options” for the company – including a potential sale.

The Grand Rapids, MI-based company has reported that net sales for the first quarter of fiscal 2006, ended Oct. 1, 2005, totaled $40.8 million, up 6.3% from the $38.4 million posted in the same quarter a year earlier.

The company also reported first-quarter net income of $1.2 million, which reflects a significant increase from the approximately $391,000 reported for the same three-month period in fiscal 2005.