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MiBiz Growth Report: Aug. 21, 2017

Written by | Sunday, 20 August 2017 22:30 |

• M&A: Three Rivers-based Armstrong International Inc., a fifth-generation family-owned manufacturer of energy management products, has acquired Delta2 s.r.l. of Milano, Italy, according to a statement. Delta2 makes control valves and pneumatic operators for the oil and gas, food, pharmaceutical, power and industrial markets.

West Michigan-based agribusinesses and food and beverage companies will soon have a new source of capital to fund expansion projects.

WALKER — Amid intense competition in the retail grocery sector, Meijer Inc. will trim and restructure its information technology services (ITS) staff in the coming months, MiBiz has learned.

Fox Motors Group LLC has entered the mid-Michigan market with its acquisition of Ann Arbor Automotive Inc.

The company behind a popular West Michigan snack brand must pay up after it failed to chip away at its debts to a key supplier.

The transformational project to reshape downtown Ada has attracted a new developer to the village.

Vision Real Estate Investment Inc. said this week that it plans to build a new 40,000-square-foot medical office building in southwestern Kent County.

West Michigan food retailer SpartanNash has appointed Mark Shamber to the position of CFO and executive vice president following the sudden departure of its previous CFO in June.

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.

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