Shape marketing manager John Keene said Ridgeview Industries will be purchasing the 80,000-square-foot facility and business at 16933 144th Ave. in July. He said he expects all of the nearly 100 employees to be retained.
“Ridgeview and Shape have been strategic partners for 20-plus years,” Keene said. “They're a supplier to us and we've worked on projects together.”
Keene said Ridgeview Industries is a stamping company at its core. Shape's main business is ultra-high-strength steel roll forming, thermoplastic injection molding, composites and aluminum products — all for the automotive industry.
“We do welding and assembly — those are our core processes,” Keene said. “For Ridgeview, their core process is stampings. By making this deal, they're buying not only our facility but also getting this whole book of business. They're allowed to grow their businesses while still maintaining Shape as one of their biggest customers.”
Keene said Shape can take the money from the sale and invest it elsewhere.
“It lets us both focus and grow our core areas,” he said.
A joint transition team, comprised of members from both companies, has been formed and will be managing the transition over the next few months. Shape’s stampings facility will continue normal operations under current leadership to support production needs leading up to the final closing of the sale.
“After everything closes, the employees would become Ridgeview employees,” Keene said. “The expectation is Ridgeview will take all those employees and add to their talent pool.”
After the sale is complete, Shape Corp. will have 10 remaining facilities in Northwest Ottawa County.
“We have been blessed through a great relationship with Shape Corp.,” said Dave Nykamp, president and owner of Ridgeview. “Shape Stampings will provide us with additional capacity and talent in the heart of our core business. We are excited about this opportunity.”