rss icon

The meteoric rise of Michigan’s craft brewing industry has spawned the creation of hundreds of new companies in communities all over the state. 

Published in Manufacturing
Sunday, 18 March 2018 18:44

MiBiz Growth Report: March 19, 2018

Here is the MiBiz Growth Report for March 19, 2018.

• M&A: Kalamazoo-based Imperial Beverage Co. will enter the Upper Peninsula market after acquiring the beer distribution business of Bayside Beverage from Highland Park-based Great Lakes Wine & Spirits LLC. The move also consolidates distribution for the MillerCoors family of brands as well as opens a new territory for Imperial, which now has four locations in Michigan, according to President Joe Cekola. Terms of the transaction were not disclosed. The deal included an 18,000-square-foot warehouse facility in Ishpeming, Mich. as well as distribution rights for Constellation Brands’ import portfolio, the Boston Beer Co. family of brands and a handful of craft beer brands, including Michigan-based Griffin Claw Brewing Co. and Latitude 42 Brewing Co. Imperial plans to hire roughly 20 employees as a result of the acquisition, including four employees from Bayside. A year ago, Imperial also expanded into spirits as an authorized distributor agent for the state. For Great Lakes Wine & Spirits, the deal follows an August sale of beer distribution rights in Traverse City and Petoskey to Grand Rapids-based Alliance Beverage Distributing LLC.

Published in In the News

Among the commercial and industrial borrowers at Lake Michigan Credit Union, about one-third are expanding or buying new equipment that’s needed to grow their businesses.

Published in Finance

More bank branches closed in Michigan than in 45 other states in the years following the most recent financial crisis.

Published in Finance

The new head of the U.S. Small Business Administration’s Michigan office believes lending should continue to grow, even as volumes for the agency’s federally backed loans keep moving upward.

Published in Small Business

FREMONT — After closing abruptly two years ago, a state-of-the-art biodigester facility in Newaygo County is getting a second life from one of the nation’s leading clean energy investors.

Published in In the News

Michigan should continue to see steady job growth into next year, although manufacturing and the auto industry will become less of a driver.

Published in In the News

Business owners across Michigan maintained a relatively upbeat view of the state’s economy at midyear.

Published in In the News

As they approach retirement age, many family business owners are considering who to trust when passing on the leadership in the organizations they’ve built. 

Published in In the News

Although fears over China’s stalling economy sent global stock markets reeling in late August, experts say the impact to West Michigan’s manufacturers will be complex — and not necessarily all negative.

Published in Manufacturing
Page 1 of 3

Breaking News

September 2018
S M T W T F S
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Follow MiBiz