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Rowster Coffee principal buying Kava House

Written by | Wednesday, 04 November 2015 16:40 |

When a joint venture involving a coffee roastery principal and a chef acquires the assets of long-time Eastown coffee shop Kava House Inc. at the end of this month, the executives understand that they’re taking on a bit of history.

Blackford Capital appoints new managing director

Written by | Wednesday, 04 November 2015 14:42 |

Grand Rapids-based private equity firm, Blackford Capital announced today its appointment of Jeffrey Johnson as the firm’s new managing director.

Foreign currency drives down Kellogg Q3 earnings

Written by | Wednesday, 04 November 2015 14:22 |

A series of negative currency translation effects hampered third quarter earnings for Battle Creek-based Kellogg Co. (NYSE:K).

After a marathon session and more than four years of back-and-forth, the Michigan Legislature last night passed a bill that will generate $1.2 billion in revenue from new and existing sources to fix and maintain the state’s roads.

Grand Rapids-based software developer The C2 Group has relocated from Grandville to Grand Rapids’ west side neighborhood, according to a statement.

Hart-based Grey & Company was acquired by Seneca Foods Corporation of Marion, N.Y. The acquisition comes as Grey & Company’s CEO James Reynolds prepares for retirement and transitions the business, according to a statement.

 Performing due diligence on an acquisition target’s financials and business operations remains an essential part of any deal. Understanding the corporate culture of a company you’re buying is different, yet it requires just as much due diligence to ensure the right fit and a smooth integration after the deal closes.

Grand Rapids-based Trillium Ventures MSV LLC has acquired The Landing, a 180-unit apartment complex in Kalamazoo, near Western Michigan University.

Illinois-based Hearthside Food Solutions LLC plans to invest $16.2 million into an expansion at its facility in Kentwood, according to a statement by the Michigan Economic Development Corporation.

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).

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