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MOVE Systems expands manufacturing to Walker

Written by | Wednesday, 16 August 2017 12:42 |

MOVE Systems International, a New York City-based manufacturer of eco-friendly food carts and accompanying electrical systems, plans to expand its manufacturing facilities in West Michigan.

Long-time Grand Rapids City Manager Greg Sundstrom said today that he plans to retire from his position at the end of the year.

Matt Michiels has known for the last two years that he needed to expand his growing West Michigan craft brewery.

With strong cash flow in the first half of the year and backed by a positive outlook for the rest of 2017, executives at Wolverine World Wide Inc. are getting aggressive in pursuing new growth opportunities.

Kent County government will vote later this month on whether to recommend expanding two county-owned parks by a total of 153 acres.

Municipalities and Land Bank Authorities across the state — including several in West Michigan — have received more than $3.6 million from the Michigan State Housing Development Authority (MSHDA) to combat blight.

A West Michigan-based independent third-party administrator of employee benefits has sold to a Wisconsin firm.

Perrigo Co. plc shares moved up early today prior to the opening of the market after it reported a smaller quarterly loss and raised earnings expectations for 2017.

A West Michigan manufacturer of radio frequency identification components will invest $4.3 million in expanding its downtown Grand Rapids facility.

DDA approves Grand Rapids movie theater project

Written by | Wednesday, 09 August 2017 13:37 |

The board of the Grand Rapids Downtown Development Authority today voted unanimously to support a new development agreement that could result in a new mixed-use entertainment district in the Arena South district.

Lake Michigan Credit Union plans to grow its Florida presence with a deal to buy a community bank.

After more than a year of behind-the-scenes work, the developers of the proposed $140 million mixed-use movie theater project south of Van Andel Arena plan to step back into the spotlight this week.

Downtown Grand Rapids will soon see the return of its last and only newsstand.

MiBiz Growth Report: Aug. 7, 2017

Written by | Sunday, 06 August 2017 16:01 |

Here is the MiBiz Growth Report for Aug. 7, 2017.

• M&A: Rockford-based Wolverine World Wide Inc. has sold its Sebago brand of boat shoes to an offshoot of BasicNet S.p.A., a clothing and footwear company based in Turin, Italy. A subsidiary, TOS S.r.l., acquired the intellectual property rights for the Sebago trademarks and other assets in a deal valued at $14.25 million, excluding acquisition-related charges, according to a statement from BasicNet. For Wolverine, the move to offload the Sebago brand comes as part of a larger strategy that executives hope will streamline the organization and increase profitability amid a challenging consumer goods market. The two companies agreed to transition the brand to the new owner through the end of this year. Wolverine (NYSE: WWW) acquired Sebago Inc., a maker of penny loafers and docksiders boat shoes, in 2003.

A California investment group has acquired two, 168-unit affordable housing complexes in the Grand Rapids area and at least two other properties across the state, MiBiz has learned.

Neogen Corp. will invest $1.3 million into rehabbing a closed facility in Mid-Michigan.

Standale Auto Wash acquired by Arizona firm

Written by | Thursday, 03 August 2017 09:55 |

A national consolidator of car wash businesses continues to buy up facilities in the greater Grand Rapids market.

Wolverine World Wide Inc. has sold its Sebago brand of boat shoes to an offshoot of BasicNet S.p.A., a clothing and footwear company based in Turin, Italy.

Superior Environmental completes ESOP

Written by | Wednesday, 02 August 2017 12:04 |

Environmental consulting, engineering and construction-related services firm Superior Environmental Corp. is now 100-percent employee-owned.

Third Coast Development LLC has bolstered its holdings in the hospitality business.

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