As the manufacturing industry begins to get “its mojo back,” Miles Free thinks danger might lie ahead for the sector, especially if the federal government imposes tariffs on key raw materials.
President Trump’s recent decision to impose tariffs on imported washing machines and solar panels will raise prices for consumers and eliminate more jobs than they create, experts say.
BENTON HARBOR — Faced with declining sales and changing customer buying habits, Midwest Timer Service Inc. needed to make some changes to its business.
Jeff Fettig will step down as the CEO of Whirlpool Corp. after leading the Benton Harbor-based manufacturer of consumer products since 2004, according to a statement.
Here is the MiBiz Growth Report for May 15, 2017:
• M&A: Muskegon-based KL Outdoor LLC will add a bevvy of new products to its business through a recent merger with GSC Technologies Corp., a Montreal-based manufacturer of kayaks and other plastic products. About three months ago, KL Outdoor — a manufacturer of kayaks, paddleboards and other watercraft — was purchased by New Water Capital LP, a private equity firm based in Boca Raton, Fla. The private equity firm plans to wrap GSC Technologies under the KL Outdoor brand, according to Dan Harris, vice president of sales at KL Outdoor. Harris expects the merger to expand KL Outdoor’s product offerings, as GSC manufactures a variety of products including outdoor furniture, totes and other related products.
Whirlpool Corp. has formally opened its headquarters in Milan, Italy.
Whirlpool Corp. grew sales modestly in the first quarter of 2017.
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.
Whirlpool Corp. ended the fourth quarter of 2016 with earnings on par with the previous year.
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.