Displaying items by tag: Stryker Corp
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.
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.
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.
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.
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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.
Stryker Corp. raised sales and earnings expectation for 2017 after recording a strong second quarter.
West Michigan manufacturers continue to take a steady yet conservative approach to research and development spending.
KALAMAZOO — Stryker Corp. is due $248.7 million from rival Zimmer Biomet Holdings Inc. in a seven-year-old federal lawsuit over patent infringement.
Here is the MiBiz Growth Report for June 26, 2017:
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.
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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.
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.
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.
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.
KALAMAZOO — A major expansion by Stryker Corp. could provide a welcome shot in the arm for Southwest Michigan’s life sciences sector.
Medical device manufacturer Stryker Corp. expects to invest $130 million to build a new R&D campus in Portage.
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.
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.
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.
Stryker Corp. has acquired Ivy Sports Medicine LLC, a Montvale, N.J.-based producer of products to repair meniscal tears in the knee.
Stryker Corp. posted sales growth of 16.6 percent for the second quarter, although net income dipped.
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.
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.
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.
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.
Stryker Corp. bought U.K.-based orthopaedic implant firm Stanmore Implants Worldwide Ltd. from SIW Holdings Ltd. for 35.6 million euros.
Stryker Corp. bumped up expectations for the full year after reporting higher sales and earnings for the first quarter.
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.