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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.

The lithium-ion battery cells for the 2017 Chevrolet Bolt could soon be produced in West Michigan. That’s according to industry analysts who cite a recent strategic partnership between LG Electronics Inc. and General Motors (GM) to produce several components for the Bolt as evidence of a new product line at Holland-based LG Chem Michigan Inc.

Wyoming, Mich.- and Atlanta, Ga.-based First & Main Management LLC, an operator of senior living communities in the Midwest that’s owned by West Michigan developer Gary Granger, entered into a joint venture with AIG Global Real Estate Investment Corp., a real estate management firm, according to a statement.

Whirlpool names new President, COO

Written by | Wednesday, 21 October 2015 09:02 |

Benton Harbor-based Whirlpool Corp. (NYSE: WHR) today named Marc Bitzer as the company’s new president and COO where he will oversee global operations, according to a statement.

Mercantile Bank Corp. today reported higher quarterly net income amid strong loan growth.

Venture capital investing hit its highest level ever in Michigan in the third quarter in terms of dollars invested.

While the American Institute of Architects Grand Rapids intends its annual Honor Awards to celebrate the best architectural design and the top industry professionals in West Michigan, this year’s event seemed to touch on a more fundamental issue.

The owner and head chef at downtown Grand Rapids Italian restaurant Osteria Rossa plans to open a new restaurant in the nearby Arena South neighborhood.

Grand Rapids-based Universal Forest Products Inc. (Nasdaq: UFPI) posted strong quarterly earnings driven by sales growth in its retail and industrial markets. The manufacturer and distributor of wood, wood-alternative, flooring systems and other components grew its net sales nearly 7 percent to $762.3 million in its third quarter, which ended Oct. 14. That compares to net sales of $713.5 million in the same period a year ago.

Grand Rapids-based Third Coast Development has acquired a largely-vacant downtown office building with plans to turn it into as many as 21 market-rate apartments.

Kalamazoo-based Humphrey Products Co. has added a new product line to its portfolio of valves intended for compressible gases for the medical device industry. The company recently acquired North Carolina-based Curtiss-Wright Corp.’s medical and media isolation product lines, according to a statement.

The Newaygo County Economic Development Office (NCEDO) signed a new, three-year contract with Grand Rapids-based economic development group The Right Place Inc. (RPI), according to a statement.

Executives from Grand Rapids-based Lake Michigan Credit Union and United Federal Credit Union of St. Joseph said today that they plan to merge their two organizations to form a mega credit union with more than $6 billion in assets spanning 78 locations in seven states.

Students enrolled in Kalamazoo Valley Community College’s sustainable brewing program will be eligible for a new scholarship for the winter 2016 semester thanks to Gonzo’s BiggDogg Brewing Company LLC. The Kalamazoo-based brewery will award $500 annually to one student in the sustainable brewing program, which began this year, according to a statement.

Lansing-based Great Lakes Capital Fund (GLCF), a nonprofit, real estate financial institution, has changed its name and rebranded to Cinnaire Corp., according to a statement.

Dead Solez opens along Monroe Center

Written by | Friday, 09 October 2015 09:16 |

Niche retail outlets continue to make their way into Grand Rapids’ central business district. Last month saw the opening of high end sneaker and sports apparel store, Grand Rapids-based Dead Solez LLC. Located at 53 Monroe Center NW, the store specializes in limited edition and discontinued shoes such as Air Jordans, according to a statement.

The West Michigan Sports Commission recently announced that its newly-opened Art Van Sports Complex generated an estimated $3 million in direct spending through its 18 different tournaments held throughout the year.

New federal legislation signed into law this week could significantly reduce the cost of maintaining U.S. government agencies’ vehicle fleets by requiring those groups to encourage the procurement of remanufactured parts for repairs instead of new components.

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