Here is the MiBiz Growth Report for March 20, 2017:
• M&A: Grand Rapids-based fuel distributor Crystal Flash Inc. has expanded its geographic footprint into Southeast Michigan with the acquisition of Adrian-based Lenawee Farm Bureau Oil Cooperative, which has more than 500 customers. Two employees will stay on with Crystal Flash, according to a statement. Terms of the deal, which was finalized this month, were not disclosed. Lenawee County Farm Bureau Oil Cooperative serves agricultural, commercial, construction and home heating oil customers. Grand Rapids-based Charter Capital Partners served as financial adviser to Crystal Flash on the deal. The employee-owned company employs 250 people at 15 locations in Michigan.
Retailer J.C. Penney Company Inc. said today that it would close 138 stores nationwide, including at two malls in West Michigan.
JR Automation Technologies plans to invest $1.9 million in an expansion project that will increase production space at its Stevensville operation.
After less than two years in business, Dutch Girl Brewing Inc. plans to close.
A Los Angeles-based real estate investment trust (REIT) with a focus on health care facilities has acquired a Battle Creek medical office building.
Spectrum Health has formed a new venture capital fund that could invest up to $100 million into health care-related companies over the next decade, MiBiz has learned.
Despite a relatively stable outlook for the automotive sector, industry experts have started noticing evidence of “stress fractures” appearing in an otherwise healthy market.
Betten Baker Auto Group plans to invest roughly $4 million to build a new, three-story facility in Coopersville.
The battle between the region’s largest grocers over new e-commerce initiatives continues to escalate.
A defunct lakeshore area grocery chain will begin to see new life in the coming months.
California Closets plans to establish a new manufacturing facility in Grand Rapids in a bid to support customers in the country’s eastern portion.
Mercy Health Saint Mary’s in Grand Rapids, Holland Hospital and Spectrum Health Zeeland Community Hospital rank among the top hospitals in the U.S. for 2017.
Fuel distributor Crystal Flash Inc. has expanded its geographic footprint into Southeast Michigan with a new acquisition, its tenth since 2011.
Patriot Solar Group LLC of Albion on Monday filed Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Western District of Michigan.
Former prime minister of the United Kingdom, David Cameron, will visit Grand Rapids on June 19 to speak at The Economic Club of Grand Rapids 30th Annual Dinner meeting.
Spartan Motors Inc. struck a deal with Ed M. Feld Equipment Co. to serve as the Iowa-based dealership’s exclusive manufacturer for fire truck components.
Yanfeng US Automotive Interiors Systems II LLC plans to lay off 27 employees from its manufacturing facility located at 7009 W. Mount Hope Highway in Lansing.
A group of investors hopes to redevelop one of downtown Grand Rapids’ last vacant buildings into low-income housing.
Steelcase Inc. has partnered with global tech to capitalize on the growing market for connected devices in the office.
Universal Forest Products Inc. plans to break into the hardwood products with the acquisition of an Indiana-based manufacturer.