Sale Transaction   |  

Haven Manufacturing Indiana Inc. Acquires the Business of Hower Tool, Inc.

Hower Tool sold its assets to Haven Manufacturing Indiana, 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.

Sale Transaction
Hower Tool sold its assets to Haven Manufacturing Indiana, Inc.
Deal date
October 30, 2011
Transaction type
Sale Transaction
Category
Manufacturing
Industry
Precision Machining