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Sunday, 17 April 2016 17:22

MiBiz Growth Report: April 18, 2016

Here is the MiBiz Growth Report for April 18, 2016:

• M&A: Poltrona Frau Group acquired JANUS et Cie, a Los Angeles-based luxury outdoor furniture manufacturer, according to a statement. Poltrona Frau is a member of the lifestyle design division Haworth Inc., a Holland-based office furniture manufacturer. Executives cited Poltrona Frau’s goal to enter the outdoor furniture market as a driver for the acquisition. JANUS et Cie will maintain its operations in California and executives at the company will retain their positions, according to the statement. The company employs 240 workers throughout its operation. Terms of the deal were not disclosed.

Published in In the News

Stryker Corp. announced today that it closed on the $1.28 billion acquisition of Physio-Control International Inc.

Published in In the News

KALAMAZOO — Stryker Corp. is so confident about the efficacy and reliability of a new surgical safety device that it’s willing to issue a guarantee to hospitals that use it. 

Published in Health Biz

As the medical device industry continues to expand globally, the sector has entered a period of mass consolidation. 

Published in Manufacturing

The Kalamazoo-based Stryker (NYSE: SYK) is buying Sage Products from private equity firm Madison Dearborn Partners in Chicago. The Cary, Ill.-based Sage Products had sales of $430 million in 2015, a 13-percent increase from the prior year.

Published in In the News

In reporting preliminary results for last year, the Kalamazoo-based Stryker (NYSE: SYK) said global sales topped $9.9 billion. Sales grew at a slightly higher rate on the fourth quarter, 6.4 percent, reaching $2.7 billion.

Published in In the News

West Michigan might become a more equitable place for lesbian, gay, bisexual and transgender (LGBT) workers. That’s according to the recently released 2016 Corporate Equality Index published annually by the Human Rights Campaign Foundation, a national LGBT civil rights organization.

Published in In the News

The globalized workforce has reshaped how universities in West Michigan and beyond educate their engineering students.

Published in Education

The formation of a unit to oversee clinical research puts another key element in place for the Homer Stryker M.D. School of Medicine in Kalamazoo.

A new statewide study aims to assess how creative industries contribute to the Michigan economy.

Published in Economic Development
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