A phone call Ranir LLC CEO Rich Sorota got in early 2016 offered an opportunity: Multinational medical device and pharmaceutical company Johnson & Johnson Consumer Inc. wanted to sell its Rembrandt teeth-whitening product line.
Here is the MiBiz Growth Report for Oct. 17, 2016:
• M&A: Grand Rapids-based Ranir LLC, a manufacturer of a variety of oral care products, has acquired Toronto-based BrushPoint, a maker of toothbrushes. In the deal, for which terms were not disclosed, Ranir will increase its product offerings and distribution footprint in the U.S., Canada and Europe. The BrushPoint acquisition comes on the heels of a deal in July of this year in which Ranir purchased the Rembrandt teeth-whitening brand from Johnson & Johnson Consumer Inc. Last month, the company also said it had purchased the 200,000-square-foot facility at 4701 East Paris Ave. SE where it had been a tenant for 20 years.
A manufacturer of a variety of oral care products has closed a deal with Toronto-based BrushPoint.
Here is the MiBiz Growth Report for Aug. 8, 2016.
• M&A: Grand Rapids-based architecture firm Progressive AE Inc. has acquired Charlotte, N.C.-based AI Design Group Inc., according to a statement. The new company will be headquartered in Grand Rapids and leadership will remain the same, according to a statement. AI Design will now be referred to as a Progressive AE company. Terms of the deal were not disclosed.
Grand Rapids-based Ranir LLC, a producer of store-brand and oral-care products, acquired the Rembrandt teeth-whitening brand from Johnson & Johnson Consumer Inc.