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.
Two months after Gov. Gretchen Whitmer issued an unprecedented number of line-item vetoes to the state Legislature’s budget plan, $37.3 million for statewide workforce development programs remains unfunded.
The Michigan Manufacturing and Technology Association (MMTA) launched last month to help the state’s smallest manufacturers become more competitive and prosperous.
The sale comes as JSJ hones its strategy to focus on the high-growth companies within its portfolio, which includes auto supplier GHSP, label maker McLoone, engineered metal solutions provider Hudson Technologies and Sparks Belting Co. Chairman, President and CEO Nelson Jacobson spoke with MiBiz about the drivers behind the sale and how JSJ looks to invest as it begins to bring on board the fourth-generation family members of the company’s founders.
GRAND RAPIDS — Data center equipment maintenance service provider Service Express LLC has been sold to a New York City private equity firm.
GRAND HAVEN — After being part of the JSJ Corp. portfolio of companies for nearly 80 years, metalworking equipment and machine tool maker Dake Corp. has new owners.
The collective outlook among automotive suppliers is moving deep into negative territory as trade tensions, declining volumes and weakness in the U.S. economy weigh on the minds of manufacturers.