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Former Steelcase Inc. CEO James Hackett was named interim athletic director today at the University of Michigan, succeeding the embattled Dave Brandon, who resigned earlier in the day.

Wilbur-Ellis to invest $4M in new Pewamo facility

Written by | Thursday, 30 October 2014 14:46 |

California-based Wilbur-Ellis recently announced construction of a new facility in the Village of Pewamo in Ionia County.

The $88.2 million acquisition of Founder Financial Corp. in Grand Rapids by Old National Bancorp now heads toward a 2015 closing date after receiving regulatory and shareholders approvals.

GFS to open distribution center in North Carolina

Written by | Wednesday, 29 October 2014 13:31 |

Grand Rapids-based Gordon Food Service announced this week that it signed a long-term lease for a new 300,000-square-foot distribution center at the Afton Ridge Business Park in Kannapolis, N.C., according to a statement.

Ford Airport pledges to invest $95M in improvements

Written by | Wednesday, 29 October 2014 13:29 |

The Gerald R. Ford International Airport (GFIA) plans to invest more than $95 million in capital improvements through 2020, according to a statement.

Privately-held Iron Mountain-based Northern Star Industries Inc. announced Monday that it plans to sell off its BOSS snow and ice management business business to Bloomington, Minn.-based The Toro Company (NYSE: TTC), according to a statement.

Macatawa Bank Corp. reported net income of nearly $2.8 million, or 8 cents per diluted share, up 23 percent from the $2.2 million a year earlier.

Located in Battle Creek at 12891 Harper Village Drive, the 102-room hotel is located less than 10 minutes from Kellogg’s corporate headquarters and Binder Park Zoo.

Chemical Financial Corp. posted higher earnings and strong volume growth for the third quarter.

Gentex boosted by improving global mirror shipments

Written by | Wednesday, 22 October 2014 09:17 |

Gentex (Nasdaq: GNTX) reported sales of $350.9 million in the third quarter, an increase of nearly 21.6 percent from $288.6 million in the same period a year ago.

Nationally acclaimed Detroit-based barbecue joint Slows Bar-B-Q plans to open a new, full-service restaurant inside the Downtown Market in Grand Rapids.

Pennock Health Services in Hastings could become the next community health system to affiliate with Spectrum Health.

This summer’s merger with Firstbank Corp. drove up Mercantile Bank Corp.’s quarterly earnings.

Two lumber and building material buy cooperatives – Grand Rapids-based Progressive Affiliated Lumbermen Cooperative Inc. (PAL) and ENAP Inc. of New Windsor, N.Y. – have signed a non-binding letter of intent to merge the two organizations, according to a joint statement.

Stryker Corp. grew sales by 11.1 percent in the third quarter and is positioned to meet revenue and earnings expectation for the full year.

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