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Sunday, 10 July 2016 13:45

MiBiz Growth Report: July 11, 2016

Written by  MiBiz Staff
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Here is the MiBiz Growth Report for July 11, 2016.

• M&A: Belding-based Robroy Enclosures Inc., a subsidiary of Robroy Industries Inc. of Verona, Pa., acquired the assets of Texas-based Attabox Industrial Enclosures, according to a statement. The deal complements Robroy Enclosures’ existing Stahlin Non-Metallic Enclosures brand of fiberglass electrical enclosures. Attabox makes engineered enclosures for the industrial, solar, electrical, telecommunications, HVAC, instrumentation/control, government, oil and gas, and construction markets. Terms of the deal were not disclosed. 

• M&A: Omega Construction Co. was acquired by Vic Laing of Belmont-based Broadwater Companies Inc., according to a statement. The Grand Rapids-based construction company primarily works on multi-family residential and assisted-living facilities. Omega Construction’s former owner, Frank Miceli, will stay on during the transition period and consult for Laing on an ongoing basis. No operational changes are expected at the company. Zeeland-based Rua Associates LLC represented Omega Construction in the transaction. Terms of the deal were not disclosed.

• M&A: Singapore-based Omni United Pte. Ltd., which maintains its North American headquarters in Traverse City, has acquired A to Z Tire & Battery Inc. of Amarillo, Texas, according to a statement. The deal is part of Omni United’s strategy to increase distribution in North America, as the acquisition of A to Z Tire will add 21 locations in the western and southwestern United States. A to Z Tire also has a network of more than 6,000 dealerships. Terms of the deal were not disclosed. Omni manufactures a variety of tires for the passenger car, bus and farm markets.

• Expansion: JR Automation Technologies LLC plans to invest $5.6 million to purchase a new facility in Holland Charter Township that will accommodate growth among its executive, engineering and other support staff. The Holland-based manufacturer of custom automation equipment intends to hire more than 250 new workers in conjunction with its new 100,000-square-foot facility. JR Automation received a $2.2 million performance-based grant from the Michigan Economic Development Corp. to offset hiring costs as a result of the expansion. The company received $45,000 in new hire training funds and up to $125,000 over five years in incumbent worker training funds from Michigan Works!, according to a statement. Lakeshore Advantage supported the company on the project. JR Automation expects to generate more than $200 million in annual sales this year, said CEO Bryan Jones.

• Expansion: Grand Rapids-based coffee roaster and cafe Rowster Coffee Inc. is planning to introduce a new concept across town in the city’s West Side neighborhood. The East Hills business said it will open The Rower’s Club — a 1,400-square-foot coffee shop concept — on the ground floor of Rockford Construction Co. Inc.’s mixed-use Fulton Place development at 616 W. Fulton St. The cafe is expected to open in September.

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