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Rockford-based Byrne Electrical Specialists Inc. plans later this month to break ground on a new manufacturing facility in Lakeview on a blighted property on Tamarack Lake.

A Chile-based manufacturer plans to build a new manufacturing facility in the northern Lower Peninsula of Michigan.

Mercantile Bank said it would close low-volume branches as part of a plan to improve corporate cost efficiency.

Grand Rapids-based arts and crafts distributor Notions Marketing Corp. today announced plans to add 250 jobs and square footage. The company plans to invest $33 million constructing a new 80,000 square-foot addition to its facility on Cottage Grove Street, where it also plans to renovate its existing 35,000 square foot facility.

The expansion of New Holland Brewing Company LLC to Grand Rapids’ west side cleared another hurdle today. At a meeting of the Michigan Strategic Fund board this morning in Lansing, the proposed $25 million mixed-use project received approval for a $2.5 million Michigan Community Revitalization Program (CRP) loan to assist in bridging a finance gap.

MiBiz announces executive changes, new hires

Written by | Tuesday, 27 October 2015 10:52 |

MiBiz announced a series promotions and new hires.

A natural gas-fired cogeneration power plant in one lakeshore community will soon be under new ownership.

By putting a public focus on the obvious problem that high health care costs stifle job and wage growth, a business-labor coalition in Michigan hopes to spur action on the state level to slow or reverse the trend.

COMSTOCK PARK — West Michigan craft beer and sportswear magnate Randy Perrin now plans to enter the used car market.

Cereal manufacturing giant Kellogg Co. could be nearing a deal with Stockton, Calif.-based Diamond Foods Inc. The Battle Creek-based Kellogg (NYSE: K) is currently in late-stage talks for a $1.5 billion deal with the company, which manufactures the Kettle potato chips and Pop Secret popcorn brands, according to a report today in the New York Post that cited unnamed sources.

A challenging Latin American market held down an otherwise strong third quarter for Benton Harbor-based Whirlpool Corp. (NYSE: WHR).

The Holland-based Macatawa Bank (Nasdaq: MCBC) this afternoon reported net income of $3.2 million, or 9 cents per diluted share, a 16-percent increase from the $2.8 million, or 8 cents per diluted share, in the same period a year earlier.

The Tier-1 automotive supplier of automatic dimming rear view mirrors, automotive electronics and other components grew revenues by 11 percent to $389.8 million compared to the same period the year before, according to its earnings report for the third quarter that ended Sept. 30. Gentex increased earnings per diluted share 8 percent to 27 cents in its third quarter, compared to earnings per diluted share of 25 cents in 2014.

A combination of underperforming retail outlets, particularly from the Stride Rite brand, and a decline in wholesale revenues resulted in lower-than-expected revenue in Wolverine World Wide's (NYSE: WWW) third quarter, which ended Sept. 12,

ALLEGAN — Moving to fend off a hostile takeover bid by Mylan N.V., Perrigo Co. plc plans to get leaner.

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