GRAND RAPIDS — A holding company affiliated with Grand Rapids-based Huizenga Group has acquired a local automotive plastic components supplier.
The deal between Monroe Group Holdings LLC and the Grand Rapids-based Lakeland Finishing Corp. brings “together a strong partnership between the companies in terms of leveraging a full complement of vertical integration and plastic finishing,” according to a statement.
Lakeland Finishing manufactures coated plastic automotive trim parts. The company’s ownership will continue on after the acquisition.
Monroe Group is a subsidiary of the Huizenga Group, a family office for the family of J.C. Huizenga. In 2006, Huizenga Group purchased Monroe LLC, a supplier of plastic automotive instrument cluster needles.
The company did not respond to a request for comment at the time this story was published.
Grand Rapids-based NuVescor Mergers & Acquisitions advised Lakeland in the transaction.
Terms of the acquisition were not disclosed.