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MiBiz Growth Report: December 11, 2017

Written by | Sunday, 10 December 2017 21:56 |

Here is the MiBiz Growth Report for Dec. 11, 2017.

Many employers adopt emergency preparedness plans and train employees how to react in crisis situations like a building fire or when the company faces an imminent threat of severe weather.

As the ready-to-drink coffee market gains popularity among consumers, West Michigan roasters are diversifying their business models to reflect a shift in how consumers approach the product.

Elected officials in Grand Rapids likely will consider developing and building a new parking structure in the city’s central business district.

Grand Rapids-based Steelcase (NYSE: SCS) this week reported preliminary sales of $772 million for its third quarter of the 2018 fiscal year. That compares with sales of $787 million for the same three-month period a year earlier, and with the company’s expectations for sales of $785 million to $810 million.

Stryker Corp. said it has a deal to buy Entellus Medical Inc. of Plymouth, Minn. in a transaction valued at $662 million.

Advantage Sales & Marketing LLC will invest $4.3 million to move its four local operations into one office at the former Klingman’s Furniture/Roger’s Department Store on 28th Street SW.

Retailers have started to open up shop in the new Fulton Square mixed-use development in Grand Rapids’ Fulton Heights neighborhood.

Meritage to acquire 57 Wendy’s restaurants

Written by | Wednesday, 06 December 2017 09:50 |

Restaurant operator Meritage Hospitality Group Inc. has deals in place to acquire a total of 57 Wendy’s restaurants. 

West Michigan private equity firm Auxo Investment Partners has moved into the transport business with the acquisition of a New Orleans-based barge company.

Independent Bank Corp. would extend its presence in northwestern Lower Peninsula with the proposed acquisition of TCSB Bancorp Inc. in Traverse City.

McLaren Health Care Corp. plans to develop a new $450 million, 240-bed hospital in Lansing and expand a research and education partnership with Michigan State University.

An Atlanta-based media company with significant holdings in West Michigan voluntarily filed for Chapter 11 bankruptcy earlier this week, amid an ongoing industry upheaval that’s also affecting competing operators.

Mary Free Bed Rehabilitation Hospital formed a joint venture to provide rehab care for Saginaw-based Covenant HealthCare.

Dura Mold to expand in Southwest Michigan

Written by | Friday, 01 December 2017 10:23 |

Plastic injection molding manufacturer Dura Mold Inc. plans to invest $1.4 million to expand its facility Stevensville, Mich. by 8,000 square feet.

Tech company ITS Partners LLC plans to invest $2.5 million in a new Kent County headquarters, resulting in 68 new positions over three years.

Cherry Health CEO to retire in 2018

Written by | Thursday, 30 November 2017 11:07 |

The longtime CEO of Cherry Health in Grand Rapids plans to retire at the end of the first quarter next year.

After months of due diligence, Inner City Christian Federation (ICCF) announced Wednesday morning that it had finalized its acquisition of 177 residential properties in the West Michigan and Lansing areas.

Steelcase to acquire California furniture maker

Written by | Tuesday, 28 November 2017 17:37 |

Office furniture maker Steelcase Inc. plans to acquire a California-based maker of height adjustable desking, benching and seating for workstations.

A Chicago-area maker of spirits alleges in federal court that a Grand Rapids-based distillery is infringing on its trademark with the planned launch of a new rye whiskey.

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