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Friday, 28 September 2012 12:55

MiBiz Growth Report: Oct. 1, 2012

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Here is the Oct. 1, 2012 MiBiz Growth Report, which includes a roundup of news briefs of M&A, joint ventures and expansions in the region:

• Saginaw-based accounting firm Yeo & Yeo PC has merged with Auburn Hills-based Hauswirth+Moncrief PLLC, giving the firm more of a presence in the greater Detroit area, according to a statement. Yeo and Yeo has offices in Kalamazoo and Lansing and on the east side of the state. Accounting Today reported the merger would add $1.5 million in revenue to Yeo & Yeo, which had revenues of about $30 million last year.
• Fremont-based H&S Companies, which has offices across West Michigan including in Grand Rapids, Rockford, Holland and Muskegon, merged with Mount Pleasant-based Ross & Ross Certified Public Accountants PC. This is H&S Companies third merger in the Mount Pleasant area. Their three teams will be combined in the Court Street Professional building, making their Mount Pleasant office the third largest of their eight locations. 

Joint venture
Kellogg Co. (NYSE: K) said Sept. 24 that it started a 50:50  joint venture with Singapore-based Wilmar International Limited (SGX: WIL) for the manufacture, sale and distribution of cereal, wholesome snacks and savory snacks in China. Wilmar’s wholly-owned subsidiary in China, Yihai Kerry Investments Co., Ltd, will participate in the joint venture. According to a statement, Kellogg will contribute its portfolio of brands and products to the joint venture, which will use the Kellogg’s and Pringles brands. Wilmar to the partnership brings its infrastructure, supply chain scale, and sales and distribution network in China.


• BizTimes of Milwaukee reports Walker-based retailer Meijer Inc. plans three big-box stores in the Milwaukee area. Experts contacted by the publication predict Meijer has much broader expansion plans for Wisconsin so it can operate efficiently and spread advertising, distribution and management costs over several stores.
• Growth of 100 percent from 2010 to last year and a projected growth of between 20 percent and 30 percent this year has pushed Norton Shores-based River City Rollform to expand its facility by 11,000 square feet and add half-dozen jobs, company owner and president Roy Johnson tells MiBiz. “We are crazy busy,” he said. “We have added nine new machines since November.”


Read 1915 times Last modified on Thursday, 04 October 2012 00:37

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