Bolstered by increased order volume from the Americas and Asia, Steelcase Inc. managed to close its 2017 fiscal year on par with the previous year’s results.
Supercenter retailer Meijer Inc. will close two suburban Chicago-area stores in the coming months, according to multiple news reports.
Increasing demand for food safety and animal testing products drove sales higher for Neogen Corp.
A global consumer products company has sued Grand Rapids-based Ranir LLC, alleging the company willfully violated an earlier out-of-court settlement related to its sale of teeth whitening strips.
After two years in the firearms business, Next Level Armaments LLC has expanded its production facility to accommodate a surge in demand for its rifles and components.
Here is the MiBiz Growth Report for March 20, 2017:
• M&A: Grand Rapids-based fuel distributor Crystal Flash Inc. has expanded its geographic footprint into Southeast Michigan with the acquisition of Adrian-based Lenawee Farm Bureau Oil Cooperative, which has more than 500 customers. Two employees will stay on with Crystal Flash, according to a statement. Terms of the deal, which was finalized this month, were not disclosed. Lenawee County Farm Bureau Oil Cooperative serves agricultural, commercial, construction and home heating oil customers. Grand Rapids-based Charter Capital Partners served as financial adviser to Crystal Flash on the deal. The employee-owned company employs 250 people at 15 locations in Michigan.
Retailer J.C. Penney Company Inc. said today that it would close 138 stores nationwide, including at two malls in West Michigan.
JR Automation Technologies plans to invest $1.9 million in an expansion project that will increase production space at its Stevensville operation.
After less than two years in business, Dutch Girl Brewing Inc. plans to close.
A Los Angeles-based real estate investment trust (REIT) with a focus on health care facilities has acquired a Battle Creek medical office building.
Spectrum Health has formed a new venture capital fund that could invest up to $100 million into health care-related companies over the next decade, MiBiz has learned.
Despite a relatively stable outlook for the automotive sector, industry experts have started noticing evidence of “stress fractures” appearing in an otherwise healthy market.
Betten Baker Auto Group plans to invest roughly $4 million to build a new, three-story facility in Coopersville.
The battle between the region’s largest grocers over new e-commerce initiatives continues to escalate.
A defunct lakeshore area grocery chain will begin to see new life in the coming months.