rss icon

MiBiz Growth Report: Jan. 22, 2018

Written by | Sunday, 21 January 2018 13:09 |

Here is the MiBiz Growth Report for Jan. 22, 2018: 

• M&A: Bridgman-based Kruger Plastic Products has been acquired by Chicago-based private equity firm HC Private Investments, according to a statement. Kruger President Pat Brandstatter and VP of Engineering Dirk Kruger retained “significant stakes” in the custom injection molding company. Terms of the deal were not disclosed. Grand Rapids-based Varnum LLP served as legal counsel to Kruger, which was advised on the transaction by BlueWater Partners LLC, a Grand Rapids-based investment banking and consulting firm.

ALLEGAN — As Perrigo Co. plc transitions to a new CEO, John Hendrickson thinks the company is “positioned in exactly the right place.”

Mayors and city officials across Michigan consider economic development a top priority in their communities, but they tend to put more emphasis on placemaking and quality of life than jobs and entrepreneurship.

A Cranker’s Restaurant & Brewery location in Grand Rapids was shut down temporarily on Thursday upon the orders of the state of Michigan, MiBiz has learned.

Construction management firm Wolverine Building Group has completed its 18-month long leadership transition, the company said Friday.

Tami VandenBerg has decided to step down from the role of executive director at Well House, a Grand Rapids-based nonprofit focused on ending homelessness, citing the current strength of the organization.

The U. S. Department of Commerce awarded the city of Coopersville a $2.1 million grant to improve water infrastructure, including upgrades to the city-owned water system.

When online retail giant Inc. announced the top 20 possible locations for its second headquarters this morning, it did not include Grand Rapids in the list of metropolitan areas up for consideration.

Lansing-based XG Sciences Inc. (XGS) announced Wednesday that it plans to open a new 64,000-square-foot facility near Mason to house production for product platforms and to meet capacity requirements.

Kruger Plastic Products of Bridgman has been acquired by a Chicago-based private equity firm. 

Mercantile Bank recorded slightly lower earnings for 2017, although executives say they’re satisfied with the bank’s performance.

Shape Corp. acquires Ohio aluminum extruder

Written by | Monday, 15 January 2018 21:13 |

Automotive supplier Shape Corp. plans to acquire Trenton, Ohio-based Magnode Corp., a manufacturer of aluminum extrusion.

GRAND RAPIDS — The relationship between two companies involved in a 2016 acquisition appears to have soured, with both entities now pointing the finger at each other in federal court.

A nearly year-long federal court case between two Kalamazoo-area economic development organizations over the use various iterations of “269” in publications and marketing materials has been dismissed.

B&K Technology Solutions Inc. (which does business as Advanced Technology Recycling) has moved its Grand Rapids operations to a 25,000-square-foot facility on Cottage Grove St. SE, the company announced this week.

Automotive supplier Gentex Corp. announced long-term exclusive partnership with a Swedish tech firm.

Acrisure LLC would extend its business to Europe with the proposed purchase of a London-based insurance broker.

Great Lakes Management Services Organization, the company formed last spring with private equity firm Sterling Partners’ acquisition of Grand Rapids Ophthalmology, acquired Shoreline Vision in Muskegon.

Betten Baker acquires Cadillac dealership

Written by | Monday, 08 January 2018 16:30 |

A growing West Michigan dealership group has acquired a store in Cadillac.

Automotive supplier Gentex Corp. has taken an equity stake in Boulder, Colo.-based tech firm Yonomi as part of a $5 million Series A financial round.

Page 5 of 118

Breaking News

March 2018
25 26 27 28 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

Follow MiBiz