Top-tier manufacturers to announce acquisition
The Business Journal has learned that two of West Michigan’s leading manufacturers will announce an acquisition at the end of this month.
Gill Industries will complete an agreement to acquire GR Spring & Stamping on Feb. 28.
High-ranking officials at both firms were contacted and said they could neither confirm nor deny the agreement, but that more information would be available at the end of the month.
GR Spring & Stamping
GR Spring & Stamping was founded in 1960 in Walker under the name Grand Rapids Spring & Wire. The company is a custom manufacturer of stamped metal components and assemblies for the automotive, furniture, medical and electronic industries.
In 1997, GRS&S made the move to downtown Grand Rapids, setting up its headquarters on Bond Street NW. It is one of the only industrial companies remaining in downtown Grand Rapids.
It has grown substantially over its more than 50 years in business.
Today, GRS&S has more than 425 employees in West Michigan and more than $100 million in sales, with plants in Grand Rapids, Walker and Comstock Park, two others in Richmond, Ky., and an office in Japan.
In total, GRS&S has more than 600 employees supplying auto industry OEMs and their Tier I suppliers with stampings and complicated welded assemblies.
The company has been recognized nationally and internationally for its work in the tool and automation industry.
Gill Industries is a full-service supplier of engineered, mechanical assemblies to the automotive, furniture and multi-use vehicle markets. It remains headquartered in Grand Rapids, with facilities located in Mexico, China, Korea and Europe.
John Gill and his brother-in-law, Gerald Williams, founded Gill Industries just four years after GRS&S, in 1964. The small Grand Rapids tool and die shop eventually grew its services to include stamping products, welding and assembly.
By 1985, the company was grossing $8 million in sales. Gill’s wife, Rita Williams, took over as CEO at that time and grew the company to more than $100 million by the time she left in 2009.
Today, John and Rita's daughters, Rita Woodruff and Mary Gill-Thornton, serve as co-CEOs of Gill Industries. The company is a certified female-owned business by the Women's Business Enterprise Council.