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GRAND RAPIDS — The relationship between two companies involved in a 2016 acquisition appears to have soured, with both entities now pointing the finger at each other in federal court.

Published in In the News
Sunday, 08 January 2017 17:22

MiBiz Growth Report: Jan. 9, 2017

zHere is the MiBiz Growth Report for Jan. 9, 2017. 

• M&A: Grand Rapids-based Irwin Seating Co. signed a letter of intent to purchase American Seating Co.’s architectural fixed seating business in a deal expected to close in March 2017, pending due diligence. The business includes products for stadiums, auditoriums and other large venues. The company’s move to divest a “higher profile part of our business was an extremely difficult decision to make,” Chairman and CEO Ed Clark said in a statement announcing the transaction. The sale comes as American Seating seeks “to optimize its operations and resources in order to pursue significant growth opportunities” in its transportation seating business, where the company will continue to focus. American Seating intends to lay off 80 workers early this year as a result of the deal. However, a portion of that workforce may transition into roles at Irwin Seating, according to the statement. Terms of the deal were not disclosed.

Published in In the News

After acquiring Wisconsin-based Bemis Manufacturing Company in October, Custom Profile Inc. will now relocated the company’s operations to West Michigan.

Published in In the News
Sunday, 16 October 2016 19:27

MiBiz Growth Report: Oct. 17, 2016

Here is the MiBiz Growth Report for Oct. 17, 2016: 
• M&A: Grand Rapids-based Ranir LLC, a manufacturer of a variety of oral care products, has acquired Toronto-based BrushPoint, a maker of toothbrushes. In the deal, for which terms were not disclosed, Ranir will increase its product offerings and distribution footprint in the U.S., Canada and Europe. The BrushPoint acquisition comes on the heels of a deal in July of this year in which Ranir purchased the Rembrandt teeth-whitening brand from Johnson & Johnson Consumer Inc. Last month, the company also said it had purchased the 200,000-square-foot facility at 4701 East Paris Ave. SE where it had been a tenant for 20 years.

Published in Frontpage News

Custom Profile Inc. has acquired the plastic extrusion business from Wisconsin-based Bemis Manufacturing Company.

Published in In the News

GRAND RAPIDS — After a new acquisition, Blackford Capital looks to create a platform to consolidate companies in the mature book printing industry.

Published in Manufacturing

Fenton-based Burgaflex North America Inc., a portfolio company of Grand Rapids-based private equity firm Blackford Capital, announced today that it has completed its first international acquisition.

Published in In the News
Sunday, 29 March 2015 22:00

Blackford Capital eyes new $100M fund

Grand Rapids-based Blackford Capital plans to launch a second private equity fund later this year that, like its predecessor, will focus on investing in manufacturing businesses in Michigan, MiBiz has learned.

Published in Finance

A year ago, David Kennedy and David Bubnar found themselves facing a major decision.

Published in Finance

Grand Rapids-based private equity firm Blackford Capital has acquired a Grand Haven company that custom designs and produces transformers and electrical components for industrial uses.

Published in Manufacturing
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