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Whirlpool acquires American Dryer Corp.

Written by | Tuesday, 19 May 2015 09:19 |

Benton Harbor-based Whirlpool Corp. has entered an agreement to acquire Massachusetts-based American Dryer Corp. from Stonebrige Partners, a private equity firm.

Walker-based retailer Meijer Inc. and its distribution arm Meijer Distribution Inc. have filed a class-action lawsuit against Indian generic drug manufacturer Ranbaxy Inc.. alleging that the company fraudulently worked to keep other firms’ drugs out of the marketplace, driving up costs.

The Grand Rapids Community Foundation announced today that Stan Vander Roest will be coming aboard as the organization’s first CFO.

The Milwaukee office of international commercial real estate brokerage Marcus & Millichap Co. (NYSE: MMI) has brokered the sale of the Avon Protection Systems Inc. property in Cadillac, Mich., about 95 miles north of Grand Rapids.

A new Latin-inspired restaurant is slated to open this summer at 64 Ionia Street SW, just south of the Van Andel Arena.

Johnson Center names new executive director

Written by | Wednesday, 13 May 2015 10:26 |

One of the nation’s largest academic centers for philanthropy has a new executive director. Today, the Dorothy A. Johnson Center for Philanthropy at Grand Valley State University named Kyle Caldwell to the position.

A subsidiary of the non-gaming economic development arm of the Pokagon Band of Potawatomi Indians in Southwest Michigan has entered into joint venture with a Wisconsin construction management firm.

Atlanta-based Dixie Consumer Products LLC recently announced the permanent closure of its manufacturing facility in Parchment, Mich. outside of Kalamazoo.

DGRI proposes $9.7 million FY 2016 budget

Written by | Tuesday, 12 May 2015 11:35 |

Downtown management entity Downtown Grand Rapids Inc. (DGRI) yesterday proposed a $9.7 million budget for fiscal year 2016, subject to approval by the Downtown Development Authority Board of Directors and the Grand Rapids City Commission.

The closing of an Ohio software development office presented a unique expansion opportunity for Mutually Human LLC. The Grand Rapids software developer had known the employees of EdgeCase LLC for quite some time before the Ohio-based firm’s parent company decided to shut down its office in Columbus. When the seven EdgeCase developers decided to reach out to Mutually Human about a possible partnership, Mutually Human said yes.

The Michigan House of Representative passed a series of bills yesterday with wide bipartisan support to limit the effects of the $9.4 billion in outstanding tax credits issued under the former Michigan Economic Growth Authority (MEGA) program. But industry groups say the legislation effectively serves as a step toward incentive disarmament that will hurt Michigan’s ability to attract businesses and jobs.

Digital marketing firm Adtegrity Inc. will be the lead tenant in the recently approved 12 Weston office project in the Heartside District of downtown Grand Rapids.

Saugatuck Brewing Co. said yesterday that it has signed deals with three Ohio-based distributors and one Wisconsin-based distributor to fully cover both states with its Michigan-made craft beer.

Palo Alto, Calif.-based electric vehicles maker Tesla Motors Inc. has acquired a West Michigan tool and die firm.

A global automotive supplier plans to shutter its customer support and engineering operations in Holland by the end of the year. Van Buren Township-based Visteon Corp. informed the 240 employees at its Holland technical center yesterday of the planned closure, according to a statement.

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