Less than a year after shareholders of Perrigo Co. plc turned down a $26 billion hostile takeover bid, a New York City hedge fund wants the company to look at the potential sale of its generic drug business and to get more aggressive in improving performance.
After more than a decade of operation, one of West Michigan’s first organic farms could soon have new owners.
The new owner of a long-time cigar store in Grand Rapids wants to expand the shop’s offerings and give patrons more reason to hang out and smoke.
Existing capacity in West Michigan’s industrial real estate continues to dwindle.
The aging Breton Village shopping center will soon follow the trend of other malls in the region and become "de-malled."
Retail options continue to grow in the downtown Grand Rapids area with the addition of a new outdoor apparel store.
A vacant manufacturing facility has new owners and will be divided up for multiple new users.
A new line of defense in the proverbial fight between man and weeds may be gaining traction among farmers and other business in West Michigan. But instead of being based on chemicals or other manmade products, this solution is much more back to nature.
Here is the MiBiz Growth Report for Sept. 6, 2016:
• M&A: Lansing-based Eckhart Inc., a portfolio company of private equity firm LFM Capital of Nashville, Tenn., acquired Auto Craft Tool & Die Inc. and 3 D Sales Inc., both of Algonac, Mich., in a deal to add more controls, robotics, and automation-based solutions and distribution capabilities. Auto Craft operates facilities in Marine City, where it makes material handling systems and specialized tooling for industrial manufacturers. The company manufactures door and instrument panel carriers and automatic guided carts. The related 3 D Sales business distributes industrial ergonomic and work cell components. The deal, the terms for which were not disclosed, was the first for Eckhart, a manufacturer of ergonomic assembly line equipment that last year joined the LFM Capital portfolio. The Nashville-based private equity firm focuses on lower middle-market manufacturers and industrial services providers with enterprise values in the $15 million to $75 million range.
Michigan Blood has named long-time health care executive Jim Wilson as president.
A business accelerator started by regional economic development organization Lansing Economic Area Partnership (LEAP) has been awarded a $50,000 grant from the U.S. Small Business Administration (SBA).
Stryker Corp. has acquired Ivy Sports Medicine LLC, a Montvale, N.J.-based producer of products to repair meniscal tears in the knee.
Lake Michigan Insurance Agency, a division of Grand Rapids-based Lake Michigan Credit Union, acquired Minor Field Agency in Kalamazoo.
Universal Forest Products Inc. (Nasdaq: UFPI) today signed a definitive agreement to buy idX Corp. in a deal valued at about $68 million.
Walker-based big box retailer Meijer Inc. will roll out a home grocery delivery service later this month to customers in Detroit and Southeast Michigan.