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Office furniture manufacturer Steelcase Inc. expects to report a loss in its current quarter as a result of the effects of tax changes in the U.S. and France.

Agility Health Inc. will sell its physical therapy operations in the U.S. to a Tampa, Fla.-based management company in a deal valued at $45 million.

A Northern Michigan private-label food processor has sold a business line to Seneca Foods Corp.

MiBiz Growth Report: Feb. 5, 2018

Written by | Sunday, 04 February 2018 14:23 |

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.

Small businesses use social media platforms largely for promotion, to connect with customers, drive growth and find and hire new employees.

Whirlpool Corp. will layoff an undisclosed number of employees at its West Michigan facilities.

Mingerink & Associates Inc., a manufacturer’s representative for nationwide brands to Midwest retailers and distributors, has been acquired by a private equity-backed firm.

Four West Michigan-based corporations rank among the top five most trustworthy public companies in the state, according to the findings of new research from Grand Valley State University.

With a string of acquisitions completed early in the year, executives at Meritage Hospitality Group Inc. (OTCQX: MHGU) say they will be on the lookout for the right transactions, but also take some time to integrate their recent deals.

One of the largest proposed developments in downtown Grand Rapids in recent years took a significant step forward on Thursday.

Honor Credit Union’s proposed acquisition of Citizens State Bank of Ontonagon has been cancelled, according to a report.

A Battle Creek facility that produces ready-to-eat cereal is closing the remainder of its operations by the fourth quarter of 2018.

Independent Bank Corp. today reported lower quarterly net income of $1.7 million, or 8 cents per diluted share, to end 2017’s fourth quarter, resulting from a reevaluation of a deferred tax asset following federal tax reform late last year.

Industrial equipment manufacturer Burke Porter Group has acquired a Wisconsin-based maker of assembly and testing stands.

ZEELAND — A embattled West Michigan farm operator failed to answer a federal lawsuit filed against it in Missouri and faces new allegations that it failed to pay its bills.

Automation provider Axis Company LLC plans to invest $4 million into a new facility.

Global food manufacturer Kellogg Co. will layoff 14 employees at its Battle Creek ready-to-eat-cereal plant starting March 31, according to a filing with the state this week.

Macatawa Bank Corp. recorded higher earnings for 2017, despite a decline in net income for the fourth quarter from having to revalue a deferred tax asset after federal tax reform late in the year.

Three proposed Grand Rapids developments have received more than $2.7 million in federal tax credits for the creation of affordable housing units.

Chemical Financial Corp. has completed a restructuring that was designed to drive $20 million in annualized cost savings and put more focus on commercial lending.

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