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Sunday, 12 May 2013 22:26

MiBiz Growth Report: May 13, 2013

Written by  MiBiz Staff
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 This is the MiBiz Growth Report for May 13, 2013:

M&A: Michigan Rental LLC acquired the assets of Titan Equipment Services Inc. of Grand Rapids, an industrial equipment rental company with five facilities in Michigan, according to a statement. Michigan Rental is owned by the MacAllister family of Indianapolis, which also owns the Indiana and Michigan Caterpillar dealerships and MacAllister Machinery Co. Inc., also of Indianapolis. The acquisition allows MacAllister to offer a broader range of equipment and add geographical markets and capabilities.

M&A: Grand Rapids-based energy distributor Crystal Flash Energy acquired some of the assets of Sturgis, Mich. based CA Murphy, according to a statement. The acquisition, which is expected to be accretive to earnings and is Crystal Flash’s fifth in the last 16 months, expands its presence along the Michigan-Indiana border. Terms of the deal were not disclosed.

Expansion: Ferris Coffee & Nut Co. hopes to add up to 30 new jobs with a proposed expansion at its Grand Rapids facility. Ferris expects to add another production line, revamp its offices, add efficiencies and meet ever-increasing food safety standards, Mark Vantongren, marketing director for Ferris, told MiBiz. The Grand Rapids Planning Commission on May 23 is expected to evaluate the proposal for a warehouse expansion to make room for the addition of a nut production line, including storage, roasting and packaging. If approved, the Grand Rapids operation would move to the company’s Wyoming plant while the construc- tion takes place and transfer back when complete.

Expansion: Belmont Engineered Plastics LLC plans to invest $5.2 million to purchase the operations of the former Kimberly-Clark Professional Belmont Mill facility in Plainfield Charter Township, according to a statement. The Michigan Economic Development Corp. approved a $900,000 performance-based grant from the Michigan Business Development Program to support the project. The company plans to contract with Kimberly-Clark, which was scheduled to close the facility in June, and from other sources. The project is expected to create 62 new jobs and retain 50 jobs. The company is an extension of Tennessee-based Fort Defiance Industries and R&S Logistics.

Expansion: Chicago-based electronic discovery and computer forensic services provider Elijah Ltd. expanded in Michigan with a new operations center in Grand Rapids, according to a statement. The company added four new personnel at the location, which includes a dedicated forensics lab and upgraded connectivity to data hosting platforms.

Expansion: Take-and-bake pizza chain Papa Murphy’s wants to open up to 15 more franchise locations in West Michigan. The company entered the market in 2003 and currently has 11 franchise and company stores in operation throughout the region. With pizza replacing a lot of meals for families and others during the recession, Papa Murphy’s continued to grow and did more that $700 million in sales last year, Kevin King, the company’s chief development officer, told MiBiz. The company sold about 65 million pizzas in 2012.

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