This is the growth report for Feb. 2, 2020.
Despite growing operational complexity and a period of industry-led change, office furniture suppliers say they remain optimistic.
As the footprint of workstations continues to shrink, office furniture manufacturers are focusing on integrating new technology into their products to drive value.
Here is the MiBiz Growth Report for May 2, 2016.
- M&A: Brad Davis and Lynne Bosgraaf, both formerly executive team members at Grand Haven-based Light Corp., have acquired Ram Electronics Inc., a manufacturer in Fruitport of printed circuit boards, custom wire harnesses and other components. The deal came about as Ram’s previous owner, Don Neidlinger, looked to retire. Zeeland-based Rua Associates LLC advised Davis and Bosgraaf on the deal, the terms of which were not disclosed. The executives partnered with Mercantile Bank Corp. to structure a loan through the Michigan Economic Development Corp.’s collateral support program. The program provides collateral to fund down payments on expansions or mergers and acquisitions.
- M&A: Lansing-based Neogen Corp., a manufacturer of food and animal safety products, acquired Brazil-based Deoxi Biotecnologia Ltda, an operator of an animal genomics laboratory, according to a statement. Terms of the deal were not disclosed. Deoxi’s management and staff will remain with the company.
Two former office furniture executives hope to leverage their collective experience as they start on a new business venture in West Michigan.