Four business expansions in West Michigan that will collectively generate $110.3 million in investment and create more than 280 jobs earned state incentives today.
A recapitalization in late 2010 put Grand River Aseptic Manufacturing Inc. on the path to triple-digit annual growth.
Here is the MiBiz Growth Report for April 2, 2018.
• M&A: A subsidiary of Universal Forest Products Inc. (Nasdaq: UFPI) plans to acquire “substantially all” of the operating assets of Marietta, Ga.-based North American Container Corp., a producer of packaging products, according to a statement. The deal should close by June 1. Terms of the deal were undisclosed. The acquisition will add steel, corrugated and hardwood packaging to Universal’s lineup of industrial products. North American Container, founded in 1967, operates nine manufacturing facilities in Georgia, South Carolina, Tennessee and Wisconsin and recorded 2017 sales of about $71 million. Universal Forest Products in February reported that it generated $3.9 billion in net sales with net earnings of $119.5 million for 2017.
Backed by a recent capital infusion and experiencing rapid growth, Grand River Aseptic Manufacturing Inc. plans to quadruple capacity with the development of a new facility south of downtown Grand Rapids.
GRAND RAPIDS — Grand River Aseptic Manufacturing Inc. was struggling in late 2010 when a group of West Michigan investors put up $5 million to acquire the company’s assets.
An investment from a Maryland-based private equity firm will position a growing West Michigan contract pharmaceutical manufacturing firm to add needed capacity in an expanding market.
Venture capital investments in Midwest health sciences companies ballooned during the first half of 2016, both in terms of deal flow and dollar value.
Grand River Aseptic Manufacturing Inc. completed a $1.1 million round of fundraising from investors last month.