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Despite a declining lumber market, Universal Forest Products Inc. (Nasdaq: UFPI) posted strong second quarter 2015 earnings.

West Michigan recently racked up almost $3.9 million in tax credits to build or upgrade affordable housing options in the region. According to a statement released by the Michigan State Housing Development Authority, the cities of Muskegon Heights, Portland and Grand Rapids have all been awarded federal Low Income Housing Tax Credits (LIHTC) for a variety of projects.

Niles-based Delta Industrial Valves Inc., a manufacturer of knife gate valves for the mining, oil sands and other industrial sectors, was acquired by global engineering firm, Weir Group PLC of Glasgow, Scotland for $47 million, according to a statement.

Honor Credit Union to expand to Allegan

Written by | Wednesday, 15 July 2015 16:21 |

The office will become the St. Joseph-based credit union’s 17th location. Honor Credit Union presently has 13 offices across Southwest Michigan and three in the Upper Peninsula. The new Allegan branch is targeted to open in November.

The Kalamazoo-based dealer group, which now has over 20 locations in West Michigan, Illinois, Indiana and New York, recently acquired M&M Motorsports Inc, also of Kalamazoo.

Parent company Colson Group Inc., a manufacturer and marketer of caster and wheels, will invest $1.5 million and create 50 new jobs with the new 110,000-square-foot center that’s expected to be open by September.

The expansion will make way for the company to add 81 new jobs. The company had considered relocating to Texas after it received a contract for a new product that it expects will increase sales by 50 percent by 2016.

Pamlico Capital invests in Service Express

Written by | Wednesday, 15 July 2015 13:45 |

Charlotte, N.C.-based private equity fund Pamlico Capital has invested in Grand Rapids-based Service Express Inc., according to a statement. SEI’s current leadership team, including CEO Ron Alvesteffer and other executives, will maintain “significant ownership” in the company and will continue to operate the business.

While the state will continue to operate a film office to assist productions that choose to shoot in Michigan, it will no longer provide any kind of tax incentives — whether through a credit or a rebate — as it has since 2008.

The manufacturer of niche, designer furniture recently acquired the assets of Denton, N.C.-based Councill Company LLC, a luxury-brand residential and contract furniture manufacturer. The acquisition included all Councill’s casegoods and a majority of its upholstered products.

Waterville, Ohio-based The Woda Group Inc. plans to turn a former school building into low-income housing in Ionia County.

The Grand Rapids Planning Commission today unanimously approved a proposed 287-unit apartment development just north of the Michigan Street corridor. There, Valdosta, Ga.-based Rise Real Estate Co. plans to acquire and demolish 20 properties along Benson and Grand Streets to make way for the new apartments, along with a proposed 325-space parking deck.

The Grand Rapids Downtown Development Authority (DDA) board of directors today voted to move forward a draft of the GR Forward plan for a formalized public review.

Greatland Corp. acquires tax software firm

Written by | Tuesday, 07 July 2015 16:02 |

Greatland Corp., a Grand Rapids-based provider of W-2 and 1099 products for employers, acquired NewportWave, an Irvine, Calif.,  company specializing in W-2 and 1099 software and support.

After working together since 2008, Lansing-based Neogen Corp. and Illumina Inc. of San Diego have extended a partnership to commercialize more genetic testing and sequencing technology for the agricultural industry.

Executives at Family Christian Stores want a federal bankruptcy court to allow the company to hold a vote of creditors to decide the fate of its proposed sale to an inside buyer.

The two buildings, located at 555 Michigan Street and 501 Michigan Street NE will have a combined 26 market-rate apartments in addition to one retail space in each of the buildings.

The Muskegon-based manufacturer of aluminum and zinc die castings, mechanical assemblies and injected molded plastics announced yesterday its merger with Fayetteville, Ark.-based Pace Industries.

Bayer CropScience Inc. will make “significant” upgrades to production capacity with new machinery and equipment to produce its Liberty brand of herbicide, said Steve Smythe, plant manager at Bayer’s Muskegon facility.

The Center for Clinical Research combines leadership, expertise, resources and staff from the medical school, Borgess Research Institute and Bronson Research to support clinical research at Borgess Medical Center and Bronson Methodist Hospital in Kalamazoo.

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