KV Acquires GSlide Corporation

Tuesday, December 15, 2009

Grand Rapids, MI — Knape & Vogt today announced that it has acquiredGSlide Corporation located in Taipei, Taiwan.  GSlide is a designer, manufacturer, and marketer of sliding system products servicingdistributors and manufacturers in Asia, Europe, and North America. GSlide has also been a component supplier to Knape & Vogt since June of 2007.“The acquisition of GSlide provides Knape & Vogt with a manufacturing presence in Asia for leading edge, tight tolerance drawer slide products”

Peter Martin, President and CEO of Knape & Vogt commented. “The capability and reputation for product innovation and new product technology they have developed will further support our top strategic initiative of new product development. These benefits, coupled with their reach into new sales markets to service customers outside of North America, make this a great strategic addition to our company.”Mr. Paul Chen, Owner and President of GSlide will join Knape & Vogt as Director of Asian Operations. Mr. Chen said "Knape & Vogt's commitment to quality and innovation and their strong market position in North America makes them an ideal partner for GSlide. I am looking forward to continuing the excellent working relationship we have built with KV."

Concurrent with the GSlide acquisition, Knape & Vogt announced the launch of its new MuV™brand concealed under mount drawer slide product line which will be produced in the GSlide facility. “The launch of MuV™ is evidence of the value of this new partnership” Peter Ross, Vice President of Marketing and Product Development for Knape & Vogt said. “Our combined engineering talent, manufacturing know-how, and market place knowledge has allowed us to develop an under mount drawer slide program that can compete anywhere in the world.” MuV™ will be available for order later this month. The addition of GSlide will have no impact on current Knape & Vogt manufacturing operations in Grand Rapids. Integration activities are in progress.

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 componentsand ergonomic products for original equipment manufacturers, specialty distributors, officefurniture 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.