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Kellogg Co. reports fourth quarter sales

Written by | Thursday, 06 February 2014 09:45 |

Battle Creek-based Kellogg Co. (NYSE: K) today reported fourth quarter sales of $3.5 billion, down 1.7 percent from $3.56 billion in the same period a year ago, about $20 million lower than analysts had expected.

Grand Rapids-based Syzygy Biotech Inc. has rebranded to Empirical Bioscience LLC, according to a statement. The company manufactures a line of reagents used by researchers in the life sciences industry.

Mary Free Bed, Sparrow Hospital form joint venture

Written by | Wednesday, 05 February 2014 12:53 |

Mary Free Bed Rehabilitation Hospital formed a joint venture to provide inpatient rehabilitation care at Sparrow Hospital in Lansing.

Spectrum Health and the Van Andel Institute formed a new research collaborative with a Swedish cardiovascular researcher.

West Michigan’s economy recorded “sustainable slow growth” during January, according to the monthly survey of industrial purchasing managers by economist Brian Long.

Haworth Inc. grew global sales to $1.41 billion in 2013, a 7.3-percent increase from the prior year.

More high-tech co-working space will soon be available in downtown Grand Rapids as Rockford Construction Co. and Haworth Inc. today pull the wraps off their Blue35 project.

Ablative Solutions Inc., a Kalamazoo-based biotech startup developing a new treatment called renal denervation to treat hypertension, raised $9.5 million in a Series B preferred stock offering.

Jody Vanderwel, president of Holland-based Grand Angels LLC, was appointed by Gov. Rick Snyder to the Michigan Strategic Fund board of directors, according to a statement. Vanderwel has been with Grand Angels since 2005 and previously worked at Herman Miller.

Amway sales up 4.4 percent to $11.8B for 2013

Written by | Tuesday, 04 February 2014 07:00 |

Ada-based direct selling giant Amway Corp. today announced record annual sales of $11.8 billion for 2013, a 4.4-percent increase from $11.3 billion in 2012.

Two Varnum attorneys join Honigman in Kalamazoo

Written by | Monday, 03 February 2014 16:15 |

Honigman Miller Schwartz and Cohn LLP in Kalamazoo has added two partners to its roster from competing firm Varnum LLP.

A minority shareholder of Grand Rapids-based Stiles Machinery Inc. has acquired the remaining voting shares in the company effective today, according to a statement. HOMAG Group AG of Germany purchased the remaining voting shares in Stiles from former owner Peter Kleinschmidt, who is retiring after 39 years.

TG Manufacturing acquires Craft Steel

Written by | Monday, 03 February 2014 14:36 |

Grand Rapids-based TG Manufacturing LLC has acquired metal stamping and fabricating company Craft Steel of Spring Lake, according to a statement from Rua Associates LLC, a mergers and acquisitions firm.

ArtPrize generated a $22.2 million economic impact on Grand Rapids in 2013, according to an assessment by the Anderson Economic Group in East Lansing.

Macatawa Bank Corp. (NASDAQ: MCBC) further improved operations during 2013, although net income was down sharply from the prior year due to major on-time gains in 2012. Lody Zwarensteyn moved up his departure as president of the Alliance for Health in Grand Rapids to March 1.

Harbor Springs-based Decka Digital LLC has purchased the assets of Digital Printing Inc. of Petoskey, according to a joint statement from both firms.

Zeeland-based Gentex Corp., a Tier I supplier of auto-dimming mirrors and automotive electronics, ended the 2013 fiscal year with the first debt on its books — $265.6 million — that it’s seen in more than 15 years as the company financed a portion of its acquisition of the HomeLink business from Johnson Controls Inc.

Randy Thelen is departing Lakeshore Advantage after 10 years at the organization for what he calls a “terrific professional opportunity” leading economic development in Omaha, Neb.

Chemical Financial Corp. (NYSE: CHFC) today reported record annual earnings of $56.8 million for 2013, or $2.00 per diluted share, versus $51.0 million, or $1.85 per diluted share, in 2012.

Walker-based retail giant Meijer Inc. plans to build a 200,000-square-foot superstore in Alpena, according to a report in The Alpena News. Rockford Construction Co. Inc. hopes to break ground on the project by May 1 and complete construction by April 2015, the report stated.

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