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As the ready-to-drink coffee market gains popularity among consumers, West Michigan roasters are diversifying their business models to reflect a shift in how consumers approach the product.

Published in In the News

For its first acquisition following the transformational deal that created SpartanNash Co., the grocery retailer and distributor opted to buy a company that positioned it in a related high-growth market.

Published in M&A Award Profiles

WALKER — Amid intense competition in the retail grocery sector, Meijer Inc. will trim and restructure its information technology services (ITS) staff in the coming months, MiBiz has learned.

Published in In the News

With more than 5,300 craft brewers already on the market, and many more scheduled to open in the near future, the craft brewing industry has started to mature.

Published in Beer and wine

The battle between the region’s largest grocers over new e-commerce initiatives continues to escalate.

Published in In the News

Grocery retailer and distributor SpartanNash Co. plans to unveil a new e-commerce service that will allow customers to order products online and pick them up at a store.

Published in In the News

The 2,000-plus cyclers who will pedal through West Michigan this June for the Gran Fondo event will do more than just get in a day’s ride. 

Published in Health Biz

A recently completed acquisition could help SpartanNash Co. (NASDAQ: SPTN) expand its presence in the food distribution space

Published in In the News

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.

Published in In the News
Sunday, 13 November 2016 14:03

MiBiz Growth Report: Nov. 14, 2016

Here is the MiBiz Growth Report for Nov. 14, 2016: 

• M&A: Byron Center-based SpartanNash Co. (Nasdaq: SPTN) signed a definitive agreement to acquire certain assets of Caito Foods Service Inc. and its Blue Ribbon Transport business for about $217.5 million in cash, according to a statement. The deal includes an earn-out potential of an additional $12.4 million if the business hits performance targets. SpartanNash, which expects the transaction to be accretive to 2017 earnings, will fund the deal with proceeds from its lending facility. Subject to regulatory and other approvals, the deal is anticipated to close in early January 2017. The combined Caito and Blue Ribbon Transport businesses generate annual revenues exceeding $600 million. Caito supplies fresh fruit and vegetables to groceries and distributors in 22 states in the Southeast, Midwest and Eastern regions of the country. The company has facilities in Indiana, Ohio and Florida. SpartanNash was advised on the deal by Deutsche Bank (financial) and Morgan Lewis (legal).

Published in In the News
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