InnerSpace Purchased

August 6, 2007
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GRAND RAPIDS — The Stanley Works (NYSE: SWK), parent company of Stanley Vidmar, a manufacturer of custom storage systems for use in several industries, has acquired privately held InnerSpace Corp., a supplier of organized storage and clinical inventory management systems for the health care industry.

Founded in 1995, InnerSpace provides storage cabinets, casework, wire shelving and racks, mobile supply and procedure carts, and inventory management systems for health care facilities worldwide. InnerSpace brand names include Datel, Harmony, spaceTRAX and Q line. 

InnerSpace also provides inventory solutions for clinical supply management. The company’s Web-based solutions not only provide the tools necessary to track on-hand inventories and optimize re-order points but also connects clinical supplies with procedures, physicians and patients. InnerSpace currently employs 75 workers at its headquarters in Grand Rapids.

Headquartered in Allentown, Pa., Stanley Vidmar employs more than 250.

“This is an extremely good fit for Stanley Vidmar and I’m personally pleased to now count InnerSpace’s quality products as part of our overall storage solutions portfolio,” said Jim Cannon, president of Stanley Engineered Storage Solutions.  “They have an exceptional record of success with health care customers, and we intend to continue that record of customer satisfaction moving forward.”

InnerSpace will continue to market its products under the InnerSpace name. Kip Barber, founder and former president of InnerSpace, will serve in a consulting capacity. Stephen Zautke, previously the CEO, will become president.

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