Haven Manufacturing Indiana Inc. Acquires the Business of Hower Tool, Inc.
True North Strategic Advisors, LLC advised Hower Tool Inc. on the sale of its assets to Haven Manufacturing Indiana, Inc. The transaction was effective October 31, 2011. Founded in 1954, Hower Tool is a manufacturer of orthopedic components and medical orthopedic instruments. Located in Ossian, Indiana, Hower’s customers include many of the major orthopedic device manufacturers.
Haven Manufacturing Indiana, Inc., headed by Len Feddema is an affiliate of Haven Manufacturing, LLC., a precision machine company headquartered in Grand Haven, Michigan.
True North was the lead strategic and financial advisor to Hower Tool on the sale of the business.