LANSING — Food and animal safety products manufacturer Neogen Corp. has acquired a longtime distributor in South America.
Even as the state and national economy continues to eke out growth, manufacturers expect to reduce their capital spending in 2020.
BRIDGMAN — Maintenance contractor Aptim Services LLC is planning layoffs after losing a contract to service the Donald C. Cook Nuclear Plant in Southwest Michigan.
The two largest office furniture companies in West Michigan posted mixed results in their most recent quarters.
If the long-promised economic downturn is on the horizon, manufacturers will be the first to feel it in 2020. That’s according to economists and industry experts who say the U.S. economy has become virtually split as it’s powered by confident consumers but weakened by a cautious business sector that is reducing investments and bracing for a contraction.
The U.S. manufacturing Purchasing Managers’ Index from the Institute for Supply Management hit new lows in the past few months — a leading indicator that manufacturers must change their tactics in the coming year, said Bob Roth of RoMan Manufacturing Inc. Roth represents the second generation of leadership at RoMan and serves as a member of the board of directors and vice president of the American Welding Society.
Kalamazoo-based Keystone Solutions Group has experienced strong growth in recent years that President Jim Medsker expects to continue in 2020. The company is a product designer for the medical device, aerospace and automotive industries, and also offers contract manufacturing for medical devices. Keystone currently employs 58 people in Oshtemo Township and is targeting $15 million to $20 million in revenue for 2020, coming off a year of 50 percent year-over-year revenue growth.
GRAND RAPIDS — Independent air compressor distributor Michigan Air Solutions LLC has been acquired by the U.S. affiliate of ELGi Equipments Ltd., a global air compressor manufacturer based in southern India.
WALKER — Employee-owned plastics extruder Custom Profile Inc. of Walker plans to establish new manufacturing operations in South Carolina.
GRAND RAPIDS — Field’s Fire Protection Inc. has been acquired by Indianapolis, Ind.-based CertaSite, a recently-formed commercial fire protection business.