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Grand Rapids' new NBA Development League basketball team, the Grand Rapids Drive, have announced that its retail store will be located in the Shops at Monroe Center and Division (MoDiv).

Diplomat Pharmacy Inc., the four-largest special pharmacy in the U.S., plans to use the proceeds from the IPO to repay debt and for working capital and “other general corporate purposes,” according to a July 2 filing with the U.S. Securities and Exchange Commission.

Grand Rapids-based Schuler Books Inc. plans to acquire Nicola’s Books, a 9,800-square-foot independent bookstore in the Westgate Shopping Center in Ann Arbor, according to a statement.

Kalamazoo-based medical device manufacturer Stryker Corp. (NYSE: SYK) said it has signed a definitive agreement to acquire the assets of the privately held Morrisville, Penn.-based Small Bone Innovations Inc., according to a statement.

Presented by the Grand Rapids Area Chamber of Commerce, the award honors individuals who have made contributions in the community to give leadership, mentorship and opportunities to women.

A division of Boulder, Colo.-based Hill Hotel Group LLC has acquired the Holiday Inn at Kalamazoo West from Greenleaf Hospitality Group, according to a statement.

The supply chain and logistics firm — a subsidiary of Penske Truck Leasing — will be processing freight for Ford’s assembly, powertrain, stamping, service parts and reverse logistics operations, according to a release.

Steelcase Inc. today reported quarterly sales of $723.1 million, an 8.4 percent increase over the $667.1 million from a year earlier.

Sales up 6 percent for Herman Miller

Written by | Wednesday, 25 June 2014 16:35 |

The Zeeland-based Herman Miller (Nasdaq: MLHR) this afternoon reported sales of $487.5 million for the fourth quarter that end May 31. That compares with $460.0 million in the same period a year earlier.

Detroit-based car dealership group The Suburban Collection has acquired Cadillac stores in Lansing and Plymouth, according to a report in Crain’s Detroit Business.

 

Rec Boat Holdings LLC of Cadillac has been acquired by Bénéteau Group, a French sailboat and motor boat manufacturer, according to a statement.

Michigan State University has selected three public-private development partnerships that will submit proposals for developing a biomedical research center in downtown Grand Rapids.

The Michigan Department of Licensing and Regulatory Affairs (LARA) has issued an alert for corporations and limited liability companies. According to LARA director Steve Arwood, a new scheme targets businesses by attempting to collect a $59.99 fee for a certificate that says the company is “in good standing.”

The company, which provides machining and grinding, as well as wear and corrosion services, broke ground in February of this year and expects to have the new facility operational by December.

Chemical Financial Corp. has initiated a public stock offering to raise $70 million, part of which could go to help finance the $120 million acquisition of Northwestern Bancorp Inc. in Traverse City.

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