- people on the move
Ohio company acquires building supplier
A company in the region that makes a range of building products has been acquired by an Ohio-based manufacturer.
Spring Lake-based Noble Company said yesterday that it has been acquired by Cleveland-based Federal Process Corporation.
Noble has another facility in Baton Rouge, Louisiana.
The company was founded in 1946 and produces products such as sheet membranes and shower elements for tile installation, linear drains, shower bases, sealants, anti-freeze and heat-transfer fluids.
Grand Rapids-based BlueWater Partners advised Noble Companies on the deal.
Federal Process is a building product and specialty chemical manufacturer. Other companies within its portfolio include Gasoila Chemicals, JB Products and FedChem.
“This is a great opportunity for us at Noble Company,” said Paul Kik, president, Noble Company. “Federal Process has a track record of growing businesses like ours — companies with strong product and brand footprints within core industries.”
The acquisition will not likely result in any operational changes, with Noble Company's EVP serving as COO and Kik remaining on board as a senior advisor.
“Noble’s people and products fit extremely well with Federal Process,” said Jon Outcalt Jr., president, Federal Process. “We are excited to work together to continue their track record of consistent growth.”