Brothers sell tool-and-die shop
A tool-and-die shop in the area owned by two brothers has been purchased by an entrepreneur looking to capitalize on the growing market in West Michigan for specialized machining.
Mark Brown, who is from Jackson, has purchased Baumann Tool & Die of Zeeland from owners David Baumann and Les Baumann.
Terms of the deal were not disclosed.
The Baumann’s founded the company in 1980.
Brown said the Baumann’s decided to sell the business as they consider retirement, and they have made a smooth transition of the day-to-day operations to existing staff.
Brown will now serve as president of the precision machining business, which creates plastic-injection molds, fixtures, gages and prototypes.
Brown plans to build on the “strong reputation” established by the Baumann’s to grow the business, which employs seven full-time people.
The company recently added a new CNC vertical machining center at its 13,500-square-foot facility, at 232 E. Roosevelt Ave., to handle additional work.
Max Friar, managing partner of Calder Capital in Grand Rapids, whose firm sourced the buyer and brokered the sale, said he has seen an uptick in the number of potential buyers of quality machine shops, such as Baumann Tool & Die, due to the increase of manufacturing activity in West Michigan.
“For small, well-established manufacturers like this, our buyers will line up down the block,” Friar said. “The market is very strong right now.”
He said Baumann Tool & Die established itself during the past 36 years as a “go-to place” for precision machining in Holland and Zeeland, as well as other areas of the state.