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Thursday, 02 January 2014 12:32

Jan. 2, 2014: CeeTox acquired by UK firm, to relocate from Kalamazoo

Written by  MiBiz Staff
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Design plan parameters for Western Michigan University’s East Campus preservation were recently scaled back to include only the core of East Hall, which is slated to become the institution’s new Alumni Center. The cost to renovate and preserve the north and south wings of the building would add an additional $20 million to the project, so WMU officials chose to demolish the wings. The goal for the project is to retain the building's designation as part of the National Register for Historic Places, according to a release from the the university. The budget for the WMU Alumni Center is set at $21.4 million. Construction is expected to be complete by summer 2015. TowerPinkster is providing design services on the project. [3:00 p.m.]

Grand Rapids-based Owen Ames Kimball Co. (OAK) recently hired Josh Szymanski as business development director. Szymanski enters the position after previously serving as vice president of business development for Triangle Associates. “I'm excited to be joining one of the most well respected and historied construction firms in West Michigan,” he told MiBiz. “With a strong backlog, a diverse group of repeat clients, and a focus on new business, OAK continues to grow in the West Michigan market.” In his new role, Symanski will work primarily on client development, strategy and market development in conjunction with the marketing department. He’ll also take on some pre-construction project development in conjunction with OAK's design, planning, and project management teams. Szymanski officially starts at OAK Jan. 6. [3:00 p.m.]

Contract research organization CeeTox Inc. of Kalamazoo was acquired by Apredica LLC, the U.S.-based subsidiary of the U.K. firm Cyprotex PLC, for 630,000 pounds – about $1 million – plus a consideration of 5 percent based on net sales in the next four years, according to a statement. CeeTox, which was founded in 2003 and acquired by North American Science Associates Inc. (NAMSA) in 2005, specializes in providing in vitro toxicology services to the cosmetic and personal care industries. NAMSA will retain a license to use CeeTox technology for medical device testing. CeeTox is currently housed at the Southwest Michigan Innovation Center at the Western Michigan University Business Technology and Research Park. In a statement, Cyprotex said it would operate CeeTox from Kalamazoo for an unspecified period of time before relocating the business to its U.S. headquarters in Watertown, Mass.

Lansing-based Neogen Corp. (NASDAQ: NEOG) acquired the stock of Chem-Tech Ltd., a Pleasantville, Iowa-based maker of insecticides used in the animal and food sectors, according to a statement. Neogen previously shared Chem-Tech’s Prozap insecticide trademark for use in rodenticides. Chem-Tech had revenues of more than $14 million in the most recent 12-month period. Terms of the transaction were not disclosed.

Read 2948 times Last modified on Thursday, 02 January 2014 15:11

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