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MiBiz Growth Report: April 3, 2017

Written by | Sunday, 02 April 2017 12:48 |

Here is the MiBiz Growth Report for April 3, 2017.

• M&A: Industrial and fastener distributor Manufacturer’s Supply Co. has signed an agreement to sell certain assets to Winona, Minn.-based Fastenal Co. (Nasdaq: FAST). Fastenal expected to close on the deal for Manufacturer’s Supply, or Mansco, at the end of March, after this report went to press. Terms of the deal were not disclosed. Hudsonville-based Mansco generated roughly $50 million in sales in 2016 from locations in Michigan, Alabama and Texas. It was founded in 1928. President Jim Mol has operated Mansco for the last 25 years. Mansco supplies a range of fastener products “with a particularly strong market position with commercial furniture OEMs,” a market to which Fastenal “has not meaningfully contributed in the past.”

COOPERSVILLE — A glut in raw milk production throughout the state is driving substantial agribusiness growth in West Michigan as area processing companies struggle to keep up.

As the four partners developed the business plan for Creston Brewery, they faced a key decision that would define the future direction of their company.

A nascent Grand Rapids real estate firm has expanded to the state’s capitol.

Siliconature Corp. will open a production facility in Kentwood, a suburb of Grand Rapids, in a bid to increase sales in its North American market.

As part of a $111.8 million string of acquisitions, Meritage Hospitality Group Inc. (OTCQX: MHGU) will take on eight new Wendy’s locations in Michigan, including its first locations in southeast Michigan.

A proposal for an additional mixed-use, residential redevelopment along Wealthy Street in Grand Rapids took a step forward today.

Two West Michigan dairy producers will collaborate on a wastewater infrastructure project that could spur up to $173 million in future investment in Coopersville.

SAF-Holland to close Ottawa County facility

Written by | Monday, 27 March 2017 10:51 |

SAF-Holland Inc. will permanently close its Holland facility by October 2017.

Now that the Affordable Care Act will remain the law of the land, Dominick Pallone would like to see Congress and President Trump work to improve the federal health reform law.

Commercial real estate and city government stakeholders view a soon-to-be vacated riverfront site as an ideal laboratory for testing a more equitable model of development.

A Pennsylvania plant closure could translate into growth in West Michigan for a global plastic injection molding supplier.

The Wealthy Street corridor restaurant scene continues to grow.

Habitat for Humanity of Michigan has a new partner to help support its Housing Counseling and Financial Education program.

Industrial and fastener distributor Manufacturer’s Supply Co. has signed an agreement to sell certain assets to a global industrial supply company.

Meijer Gardens pursues $115 million expansion

Written by | Thursday, 23 March 2017 08:35 |

Frederik Meijer Gardens & Sculpture Park has launched a $115 million capital campaign to fund the expansion of the art museum, outdoor sculpture park and music venue to meet growing demand.

Herman Miller Inc. closed the third quarter of its 2017 fiscal year with sales down slightly compared to the previous quarter, missing analysts’ expectations.

Michigan legislators hope to make another go with a bill aimed at curbing a tax loophole popular with large retailers.

Blackford Capital has entered the hotel business through a new acquisition under its National Growth Practice.

Sporting goods retailer MC Sports will soon be offering up its leases for bid.

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