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Sunday, 01 April 2018 10:21

MiBiz Growth Report: April 2, 2018

Here is the MiBiz Growth Report for April 2, 2018.

• M&A: A subsidiary of Universal Forest Products Inc. (Nasdaq: UFPI) plans to acquire “substantially all” of the operating assets of Marietta, Ga.-based North American Container Corp., a producer of packaging products, according to a statement. The deal should close by June 1. Terms of the deal were undisclosed. The acquisition will add steel, corrugated and hardwood packaging to Universal’s lineup of industrial products. North American Container, founded in 1967, operates nine manufacturing facilities in Georgia, South Carolina, Tennessee and Wisconsin and recorded 2017 sales of about $71 million. Universal Forest Products in February reported that it generated $3.9 billion in net sales with net earnings of $119.5 million for 2017.

Published in In the News

Michigan’s role in improving manufacturing efficiency has come a long way since the invention of the assembly line.

Published in Manufacturing

GAINES TOWNSHIP –– Developers representing an online retail behemoth are considering a 100-acre site in southern Kent County for a “massive” distribution facility, MiBiz has learned.

Published in In the News

The Kent County Department of Public Works (DPW) has taken a step forward in its goal of exiting the landfill business over the next decade.

Published in In the News

CALEDONIA — A Hastings-based manufacturer of fire suppression equipment needed a new home that would allow its business to expand and meet the demands for its growing line of sprinklers.

Published in Manufacturing
Sunday, 04 February 2018 14:23

MiBiz Growth Report: Feb. 5, 2018

Here is the MiBiz Growth Report for Feb. 5, 2018

• M&A: Grand Rapids-based Alliance CNC Cutter Grinding Services Inc. was acquired by GWS Tool Group LLC of Tavares, Fla., according to a statement. Alliance CNC is a designer and manufacturer of tight tolerance drills, reamers and micro-tools. With the deal, GWS adds hole-making tool capabilities to its existing focus in round tools, endmills and inserts. Terms of the deal were not disclosed, but Alliance CNC will continue to operate out of its Grand Rapids area plant with its existing management team. GWS Tool Group is a vertically integrated manufacturer of engineered cutting tools for the aerospace, defense, power generation, automotive and medical industries.

Published in In the News
Monday, 22 January 2018 15:28

Viking Group plans Caledonia R&D facility

A Hastings-based manufacturer and distributor of fire protection equipment plans a new research and development facility in southern Kent County.

Published in In the News

Mayors and city officials across Michigan consider economic development a top priority in their communities, but they tend to put more emphasis on placemaking and quality of life than jobs and entrepreneurship.

Published in In the News

Next year, Michigan voters will elect the person who will become the fifth governor that The Right Place CEO Birgit Klohs has worked with in her career in economic development. While her organization is “agnostic” when it comes to who wins the election, Klohs hopes to continue to have a strong working relationship with the new chief executive and that the new governor continues to support the efforts of the Michigan Economic Development Corp.

Published in Crystal Ball

GRAND RAPIDS — Employers continue to struggle to find people to fill open positions and drive growth in their business.

Published in Crystal Ball
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