Here is the MiBiz Growth Report for Jan. 22, 2018:
• M&A: Bridgman-based Kruger Plastic Products has been acquired by Chicago-based private equity firm HC Private Investments, according to a statement. Kruger President Pat Brandstatter and VP of Engineering Dirk Kruger retained “significant stakes” in the custom injection molding company. Terms of the deal were not disclosed. Grand Rapids-based Varnum LLP served as legal counsel to Kruger, which was advised on the transaction by BlueWater Partners LLC, a Grand Rapids-based investment banking and consulting firm.
Lansing-based XG Sciences Inc. (XGS) announced Wednesday that it plans to open a new 64,000-square-foot facility near Mason to house production for product platforms and to meet capacity requirements.
LANSING — A Mid Michigan nanotechnology company seeks to raise $24 million through an initial public offering to fund operations as it continues to commercialize composite materials for rechargeable lithium-ion batteries and other uses.