KV Acquires CompX Furniture Components

Thursday, January 3, 2013

Grand Rapids, MI – Knape & Vogt today announced that it has acquired the Furniture Components Operations of CompX International Inc.  (NYSE MKT:CIX)  which consist of its Waterloo Furniture Components and Dynaslide divisions.  Waterloo Furniture Components is located in Kitchener, Ontario, Canada.  Dynaslide is located in Taipei, Taiwan. Both divisions are leading manufacturers of precision ball bearing slide products serving original equipment manufacturers and distributors with a wide range of products used in office furniture, appliances, commercial tool chests, computer servers, and other commercial equipment applications.  In addition, the Waterloo division is a market leader in ergonomic office and healthcare workstation products providing adjustable keyboard platforms, computer monitor supports, wall mounted workstations, and other accessory products to original equipment manufacturers, value added resellers, and computer catalog retailers.

“The acquisition of Waterloo Furniture Components and Dynaslide will provide Knape & Vogt with access to new customers and markets and an expanded presence in our office OEM and distribution channels” commented Peter Martin, President and CEO of Knape & Vogt. “The combined resources of KV and these two companies provide an enhanced slide product line, a full array of ergonomic accessory products and an exciting new growth opportunity through the addition of wall mounted workstation products for hospitals, medical clinics, and other health care providers. Our rapidly growing international business will be enhanced by combining Dynaslide’s wide range of slide products with GSlide’s existing product line allowing for business expansion within both companies’ current customers and through new customers around the world.”

Integration activities will begin immediately.

About Knape & Vogt

Knape & Vogt, based in Grand Rapids, Michigan brings more than a century of experience to the design, manufacturing, and distribution of functional hardware, storage-related components and ergonomic products for original equipment manufacturers, specialty distributors, office furniture dealers, hardware chains and major home centers throughout the US and Canada.  Major product categories include: KV® brand drawer slides; wall-attached shelving units and specialty hardware products; kitchen, closet and bath storage products; and Workrite® and Idea at Work® brand ergonomic office products. Additional information about KV is available at www.knapeandvogt.com and www.workriteergo.com