The manufacturing industry is rapidly approaching a place where only those companies that have implemented automation and robotic equipment will survive. With recent improvements to modularity, flexibility and return-on-investment (ROI), even the most resilient manufacturers have little reason to avoid investing in the technology. 

Published in Sponsored content

NEW TROY — After a large bet on the oil and gas industry went south several years ago, Vickers Engineering Inc. struggled to position itself for growth. 

Published in Manufacturing
Sunday, 13 November 2016 14:03

MiBiz Growth Report: Nov. 14, 2016

Here is the MiBiz Growth Report for Nov. 14, 2016: 

• M&A: Byron Center-based SpartanNash Co. (Nasdaq: SPTN) signed a definitive agreement to acquire certain assets of Caito Foods Service Inc. and its Blue Ribbon Transport business for about $217.5 million in cash, according to a statement. The deal includes an earn-out potential of an additional $12.4 million if the business hits performance targets. SpartanNash, which expects the transaction to be accretive to 2017 earnings, will fund the deal with proceeds from its lending facility. Subject to regulatory and other approvals, the deal is anticipated to close in early January 2017. The combined Caito and Blue Ribbon Transport businesses generate annual revenues exceeding $600 million. Caito supplies fresh fruit and vegetables to groceries and distributors in 22 states in the Southeast, Midwest and Eastern regions of the country. The company has facilities in Indiana, Ohio and Florida. SpartanNash was advised on the deal by Deutsche Bank (financial) and Morgan Lewis (legal).

Published in Breaking News
Thursday, 27 October 2016 11:23

Vickers Engineering invests $5.1M in New Troy

Vickers Engineering Inc. plans to invest $5.1 million in new equipment and facility improvements at its headquarters in New Troy, 15 miles northeast of New Buffalo.

Published in Breaking News