An Indiana portfolio company of LV2 Equity Partners LLC, which has offices in Grand Rapids, recently acquired Escondido, Calif.-based Count Machinery Company, according to a statement.
Pending legislation could help level the playing field for craft distilleries by reducing the excise tax that a distiller must pay on its spirits. The Distillery Excise Tax Reform Act (DETRA) aims to significantly cut the current excise tax rate in order to make small distillers more competitive, as well as spur community investment and job creation.
Michigan State University has exceeded $1 billion in pledges to a $1.5 billion multi-year capital campaign. Pledges to the Empower Extraordinary campaign that started in July 2011 totaled more than $1.01 billion as of Aug. 31, the university said today.
Sodus-based Sun Coast Packaging Inc. has acquired Grand Rapids-based Shapiro Packaging, according to a statement released today. The acquisition will add additional products and customers to Sun Coast’s operation.
Grand Rapids-based Leon Interiors Inc. will close its manufacturing facility in Wyoming in the first quarter of 2016. The closure will result in the termination of 125 active workers in addition to 75 employees who have been laid off for over a year, according to a statement released by the company. Leon expects layoffs to begin in November 2015.
Perrigo Co. plc Chairman and CEO Joe Papa fired back at his Mylan N.V. counterpart today, highlighting why he believes a $27.1 billion hostile takeover effort is a “value destructive” scenario for shareholders.
Grand Rapids Community College (GRCC) has entered a partnership with Macomb Community College (MCC) boost to its apprenticeship program in the state.
Grand Haven-based home appliance and audio retailer Bekins Inc. has partnered with John Higgs, former owner of Classic Stereo and Video, to revive the high-end audio store, which closed its Grand Rapids and Kalamazoo stores in 2008 amidst financial struggles related to the recession.
Mylan N.V., nearly five months after publicly stating it wants to acquire the company, plans to take a buyout proposal, now estimated at $27.1 billion, directly to Perrigo Co. plc shareholders Sept. 14 in a hostile takeover bid.
Coldwater, Mich.-based Coldwater Veneer Inc. was acquired by private equity firm Industrial Opportunity Partners (IOP) of Evanston, Ill. as part of a management buyout, according to a statement. The transaction also included West Point, Va.-based subsidiary West Point Veneer LLC.
The two Grand Rapids properties included Hampton Inn Grand Rapids-North, located at 500 Center Drive near the intersection of I-96 and the East Beltline, as well as Spring Hill Suites Grand Rapids-North at 450 Center Drive, also in the same vicinity. The company also acquired the East Lansing Hampton Inn at 2500 Coolidge Road.
FENNVILLE — A wholly-owned subsidiary of Anheuser Busch LLC has acquired a majority interest in a West Michigan-based hard cider producer, MiBiz has learned.
Priority Health CEO Mike Freed plans to retire early next year, ending more than three years as head of the second-largest health plan in Michigan and two decades with parent corporation Spectrum Health. Freed announced his intention retire now to give Priority Heath adequate time to plan a smooth transition to a successor CEO.
The Grand Rapids-based Wege Foundation released a statement today announcing that current President and CEO Ellen Satterlee would be retiring, effective Oct. 30, 2015.
Varsity News Network Inc., the Grand Rapids firm that provides schools a web-based platform to distribute content on sports programs, closed on $3.7 million in additional financing that will support national growth and development of a mobile app.
The acquisition comes as part of Unique Fabricating’s (NYSE: UFAB) overall growth strategy of tapping customers in new markets and product segments, CEO John Weinhardt said in a statement.
Continuing to buy as it prepares to fend off a hostile takeover bid by Mylan N.V., Perrigo Co. plc acquired the ScarAway brand from Enhalus LLC, a marker of over-the-counter skin care products including treatments for scars.
GRAND RAPIDS — Despite a prolonged, controversial and contested bankruptcy process, Grand Rapids-based Family Christian Stores has emerged from Chapter 11 with a humble growth strategy and the backing of nearly all of its former creditors.
Grand Rapids Community College has partnered with Western Michigan University to create a seamless path for its students to transfer into the university’s programs, according to a statement.
Mylan N.V. will proceed with a hostile takeover attempt of Perrigo Co. plc. The company says more than the required two-thirds of shareholders voted today to back the $32.7 billion unsolicited offer for Perrigo.