A West Michigan custom fabricator believes its partnership with a California energy company could fuel revenue growth this year and beyond.
Automakers’ desire to quicken the pace of new vehicle launches has sent shock waves through the industry’s supply chain.
While plummeting oil prices over the last month have led to relief for consumers at the pump, the news has been mixed for West Michigan manufacturers, particularly for suppliers of the oil-and-gas industry.
After a decade of steady growth, one Northern Michigan hop farm and processing company plans to ramp up its operations with an injection of capital from an in-state private equity firm.
The supplier of automotive auto-dimming rearview mirrors and electronics reported cash on hand of approximately $552 million at the close of the 2015 calendar year, an increase of 11 percent from the prior year, according to financial results the company reported today.
As automotive production and the industry’s supply chain grows in Mexico, one mid-Michigan manufacturer of custom casters and wheels decided to engage in a foreign market for the first time in the company’s history.
After running as lean as possible in the years following the recession, West Michigan manufacturers are embracing acquisitions as a strategy to add capacity and meet customer demand. That was the case for Grand Rapids-based Mill Steel Co. when it acquired certain assets of S&S Steel Services Inc. of Anderson, Ind.
In court documents filed in the U.S. District Court for the Eastern District of Michigan earlier this month, Haworth alleges that Cypress, Calif.-based Exemplis Corp., which does business as SitOnIt Seating, “intentionally designed” its Rio task chair to resemble the Very Side chair.
There’s little doubt among local executives that commercial lenders are eager to deploy capital to growing businesses. However, that willingness to lend changes when it comes to service-based companies or startup organizations
BREWING CHANGE? New legislation expands Michigan Grape and Wine Industry Council to other beverage producers
While new bills seek to grow the membership of an agriculture industry council funded by licensing fees from Michigan alcoholic beverage makers, the changes still exclude one key sector and its supply chain from the group
Over the last decade, the manufacturer and assembler of panels, benching and other office furniture systems had spread out over four different buildings. When Compatico recently faced the need to expand again, the company weighed purchasing an additional building or moving its operation to a singular, larger facility. Executives ultimately opted for the latter option.
Spurred on by increased demand for its industrial welding equipment, Wyoming-based RoMan Manufacturing Inc. needed to expand. Luckily, the company had several options at its disposal to fund that growth, according to President and CEO Bob Roth.