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Displaying items by tag: Stryker Corp

Friday, 03 August 2018 23:22

End of a cycle? M&A activity plateaus for West Michigan manufacturers, advisers say

Before Landscape Forms Inc. acquired Kornegay Design last year, the Kalamazoo-based designer and manufacturer of site furniture, accessories and lighting mulled several acquisition targets that shared its design culture and core beliefs.

Published in Manufacturing
Sunday, 04 March 2018 18:30

Closer to Nature: Kalamazoo Nature Center works behind the scenes to unite community with the outdoors

KALAMAZOO — The public’s view of the Kalamazoo Nature Center is one of beautifully preserved nature trails, numerous wildlife habitats, and a safe haven within the urban areas surrounding it.

Published in Economic Development
Sunday, 10 December 2017 21:56

MiBiz Growth Report: December 11, 2017

Here is the MiBiz Growth Report for Dec. 11, 2017.

Published in Breaking News

Sunday, 12 November 2017 15:37

Stryker ‘very bullish’ on surgical robots

KALAMAZOO — The early success for Stryker Corp.’s surgical robot that’s now used in total knee replacement surgeries reflects a growing acceptance of the technology.

Published in Health Care
Sunday, 29 October 2017 12:57

MiBiz Growth Report: Oct. 30, 2017

Here is the MiBiz Growth Report for Oct. 30, 2017:

• M&A: Stryker Corp. acquired a majority interest in French medical device company Vexim SA and plans to make a tender offer to buy out its remaining shareholders. The Kalamazoo-based Stryker (NYSE: SYK) acquired 50.7 percent of shares and 50.3 percent of voting rights to Vexim, based in Balma, near Toulouse, France. Stryker paid 20 euros per share to funds managed by Truffle Capital, Bpifrance and Kreaxi, as well as Vexim managers. Vexim said the acquisition of the majority stake by Stryker has an equity value of 183 million euros, which equates to about $216 million. Vexim specializes in devices for minimally invasive procedures to treat traumatic spinal pathologies.

Published in Breaking News
Friday, 27 October 2017 11:41

Stryker sales up 6.1 percent in third quarter

Stryker Corp. reported revenues of $3 billion for the third quarter, a 6.1-percent increase from the same period a year earlier.

Published in Breaking News

Sunday, 17 September 2017 12:26

Kalamazoo-based FlowTech sells to new owners to pursue next stage of growth

KALAMAZOO — After two years of looking for manufacturing companies to buy, Dave Kersjes and Steve Remstad found an opportunity in FlowTech Inc., a small producer of fluid and air filtration products.

Published in Manufacturing
Thursday, 27 July 2017 20:13

Stryker boosts 2017 forecast after strong quarter

Stryker Corp. raised sales and earnings expectation for 2017 after recording a strong second quarter.

Published in Breaking News
Sunday, 23 July 2017 14:01

Staying the course: Manufacturers’ R&D spending expected to remain steady through 2018

West Michigan manufacturers continue to take a steady yet conservative approach to research and development spending.

Published in Manufacturing

Sunday, 16 July 2017 14:51

Stryker awarded $248.7 million in patent lawsuit

KALAMAZOO — Stryker Corp. is due $248.7 million from rival Zimmer Biomet Holdings Inc. in a seven-year-old federal lawsuit over patent infringement.

Published in Breaking News
Sunday, 25 June 2017 20:33

MiBiz Growth Report: June 26, 2017

Here is the MiBiz Growth Report for June 26, 2017:

Published in Breaking News
Wednesday, 14 June 2017 11:06

GE and Stryker form partnership to develop additive manufacturing technology

GE Additive, a business unit of global conglomerate General Electric Corp., will partner with Kalamazoo-based Stryker Corp. to grow Stryker’s additive manufacturing capabilities.

Published in Breaking News

Sunday, 30 April 2017 16:31

MiBiz Growth Report: May 1, 2017

Here is the MiBiz Growth Report for May 1, 2017. 

• M&A: Kalamazoo-based Stryker Corp. acquired the assets of Charleston, S.C.-based Cactus LLC, a manufacturer of pharmaceutical waste management systems, according to a statement. Cactus products have been sold in the U.S. since 2012 and have been installed in more than 1,300 facilities. The products will become part of Stryker’s Surgical Safety business, a division of Stryker Surgical Instruments. Terms of the deal were not disclosed.

Published in Breaking News
Monday, 03 April 2017 16:50

Stryker lays off undisclosed number of workers

Stryker Corp. has laid off an undisclosed number of workers in Southwest Michigan as part of a larger restructuring strategy under its Stryker Instruments business unit.

Published in Breaking News
Sunday, 19 February 2017 18:00

WMU innovation institute bolsters product design talent pool

KALAMAZOO — Western Michigan University will launch a new product design institute to create a hub of designers in Southwest Michigan and supply local companies with talent.

Published in Talent

Sunday, 08 January 2017 15:41

Proposed Exchange Building leads push for downtown housing in Kalamazoo

KALAMAZOO — It may have taken five years, but the partners behind one of the largest mixed-use projects in downtown Kalamazoo finally have secured the financing they need for the development. 

Sunday, 08 January 2017 15:18

Stryker expansion builds on Southwest Michigan’s life sciences corridor

KALAMAZOO — A major expansion by Stryker Corp. could provide a welcome shot in the arm for Southwest Michigan’s life sciences sector. 

Published in Manufacturing
Tuesday, 20 December 2016 12:02

Stryker to invest $130 million in new R&D campus in Portage

Medical device manufacturer Stryker Corp. expects to invest $130 million to build a new R&D campus in Portage.

Published in Breaking News

Monday, 05 December 2016 15:15

Human Rights Campaign lists 5 West Michigan firms as top LGBT-inclusive workplaces

Five West Michigan companies rank among the top performing organizations in the nation for providing an inclusive environment for lesbian, gay, bisexual and transgender (LGBT) workers.

Published in Breaking News
Tuesday, 18 October 2016 12:21

WNJ’s Jones closed 20 deals valued at $1.5 billion

In what he describes as a “good year,” Michael Jones was involved in closing 20 transactions in late 2015 and the first half of 2016 that had a collective value of $1.5 billion. 

Published in M&A Award Profiles
Sunday, 18 September 2016 15:56

MiBiz Growth Report: Sept. 19, 2016

Here is the MiBiz Growth Report for Sept. 19, 2016.

• M&A: Zeeland-based BiaCare Corp., a manufacturer of compression garments and bandages, was acquired by SIGVARIS Group, a Swiss maker of medical compression textiles. BiaCare was founded 12 years ago and employs 22 people in Zeeland, according to a statement. The company developed a range of compression products with velcro wraps to treat lymphedema, lipedema and chronic venous insufficiency. Terms of the deal were not disclosed. SIGVARIS pursued the acquisition as part of its international growth strategy for medically complex compression applications, calling BiaCare “a pioneering leader” in the segment. For BiaCare, the deal “significantly increases our ability to provide physicians and therapists the compression solutions they need,” according to President Keith Hoffman. 

Published in Breaking News

Friday, 02 September 2016 10:20

Stryker acquires New Jersey-based Ivy Sports Medicine

Stryker Corp. has acquired Ivy Sports Medicine LLC, a Montvale, N.J.-based producer of products to repair meniscal tears in the knee.

Published in Breaking News
Thursday, 21 July 2016 16:54

Stryker reports strong growth for Q2

Stryker Corp. posted sales growth of 16.6 percent for the second quarter, although net income dipped.

Published in Breaking News
Tuesday, 28 June 2016 09:09

Whirlpool looks to calm investors as shares tumble more than 13 percent after Brexit vote

With its share price down more than 13 percent since the Brexit vote, appliance maker Whirlpool Corp. looked to calm investors this morning by reaffirming its guidance for the 2015 fiscal year.

Published in Breaking News

Sunday, 26 June 2016 12:09

Post-Brexit, West Michigan public company stocks take a beating

Stock prices of West Michigan’s publicly traded companies tumbled on Friday as Wall Street succumbed to the uncertainty caused by the U.K.’s decision to exit the European Union.

Published in Breaking News
Sunday, 29 May 2016 11:11

Going 3-D: Manufacturers say tech drives sustainability, revenue

West Michigan office furniture manufacturers could soon be incorporating scrap wood into the production of their products through a new partnership with Michigan Technological University.

Published in Manufacturing
Sunday, 15 May 2016 12:30

MiBiz Growth Report: May 16, 2016

Here is the MiBiz Growth Report for May 16, 2016: 

• M&A: Indianapolis-based The XLerate Group, a portfolio company of Detroit-based private equity firm Huron Capital Partners LLC, has acquired Jenison-based Grand Rapids Auto Auction. The deal represents the second acquisition in a year for The XLerate Group, which acquired Schoolcraft-based Greater Kalamazoo Auto Auction in May 2015. XLerate provides dealer-to-dealer auto auctions for used vehicles. Grand Rapids Auto Auction, located at 2380 Port Sheldon Ct., provides used vehicle remarketing to fleet and leasing companies and dealers in Michigan, Illinois and Ohio. Terms of the deal were undisclosed. Through the acquisition, XLerate now has local auto auctions that operate 17 physical and mobile sites in Michigan, South Carolina, California, Texas, Wisconsin and Florida.

Published in Breaking News

Friday, 29 April 2016 12:35

Stryker acquires U.K.-based Stanmore Implants

Stryker Corp. bought U.K.-based orthopaedic implant firm Stanmore Implants Worldwide Ltd. from SIW Holdings Ltd. for 35.6 million euros.

Published in Breaking News
Wednesday, 20 April 2016 17:13

Strong first quarter spurs Stryker to boost sales projections for 2016

Stryker Corp. bumped up expectations for the full year after reporting higher sales and earnings for the first quarter.

Published in Breaking News
Sunday, 17 April 2016 17:22

MiBiz Growth Report: April 18, 2016

Here is the MiBiz Growth Report for April 18, 2016:

• M&A: Poltrona Frau Group acquired JANUS et Cie, a Los Angeles-based luxury outdoor furniture manufacturer, according to a statement. Poltrona Frau is a member of the lifestyle design division Haworth Inc., a Holland-based office furniture manufacturer. Executives cited Poltrona Frau’s goal to enter the outdoor furniture market as a driver for the acquisition. JANUS et Cie will maintain its operations in California and executives at the company will retain their positions, according to the statement. The company employs 240 workers throughout its operation. Terms of the deal were not disclosed.

Published in Breaking News

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