Negotiations between Dematic Corp. and UAW Local 1485 are progressing, but the manufacturer shouldn’t expect to win financial concessions from its workers.
Perrigo Co. plc (NYSE: PRGO) said federal investigators executed a search of its corporate office as part of a broader, ongoing investigation of drug pricing in the pharmaceutical industry.
Dutch Girl Brewery Inc. has filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the Western District of Michigan about a month and a half after closing its doors.
A southwest Michigan real estate firm plans to redevelop a key site commercial site along 28th Street SW, according to public documents.
Grand Rapids-based Great Lakes Scrip Center, a provider of gift cards for fundraising, acquired The Manna Group in Palatine, Ill.
West Michigan World Trade Week is part of an annual nationwide celebration of international trade observed by business, government and trade-related organizations across the United States in May. Its mission is to share international business knowledge and highlight the link between international trade and Michigan’s economic well-being. See the featured articles below and plan to attend World Trade Week events to learn best practices from companies succeeding in the global economy.
The city of Allegan — about 40 miles southwest of Grand Rapids — has received a federal Hazard Mitigation Assistance (HMA) grant for nearly $4 million, according to a statement.
GRAND RAPIDS — Following careers in investment banking and family offices, two West Michigan professionals have struck out on their own.
Here is the MiBiz Growth Report for May 1, 2017.
• M&A: Kalamazoo-based Stryker Corp. acquired the assets of Charleston, S.C.-based Cactus LLC, a manufacturer of pharmaceutical waste management systems, according to a statement. Cactus products have been sold in the U.S. since 2012 and have been installed in more than 1,300 facilities. The products will become part of Stryker’s Surgical Safety business, a division of Stryker Surgical Instruments. Terms of the deal were not disclosed.
“It’s definitely not easy anymore.”
— Jason Spaulding, Brewery Vivant
As Michigan’s craft beverage industry matures and gets more competitive, it’s causing more than a few growing pains to emerge. Additionally, the pace of growth has slowed, forcing producers
to rely on solid business practices to succeed. In this comprehensive special report, MiBiz examines how these companies are adapting their strategies to survive in the ever-changing market.
GRAND RAPIDS — The proposal by a small contingent of Evangelical Christian churches to allow tax-exempt organizations to campaign on behalf of political candidates has sent shock waves through the nonprofit industry.
Executive roundtable: Craft beverage makers struggle through internal divisions, market forces, threatsBy John Wiegand and Joe Boomgaard
With more than 5,300 craft brewers already on the market, and many more scheduled to open in the near future, the craft brewing industry has started to mature.
ROCKFORD — When Seth Rivard and his partners opened Rockford Brewing Co. in 2012 along the White Pine Trail about 15 miles north of Grand Rapids, they turned to a federal lending program that backs bank loans for small businesses.
Michigan craft breweries have only just started to sell their beer in international markets, but many in the industry believe exporting could soon become an important diversification strategy.
Proposed federal budget cuts have the potential to wipe out key hop and barley research programs that have helped improve the quality of the raw material supply chain for craft brewers.
Dynamics within the maturing craft beer industry are creating new growth opportunities for suppliers.
As the craft brewing industry grows in Michigan and beyond, it has been met with a continual skepticism about whether the market can support even more producers. Every industry hiccup stirs talk of a craft beer bubble that’s on the verge of bursting. In separate interviews, MiBiz brought that discussion to three professional advisers to get their take on the state of the industry.
Saugatuck Brewing Co. thought it was being edgy in 2011 when it coined the name “Hop on a Blonde” for its new blonde ale.
Thirsty Michigan craft beer consumers bought the equivalent of around 59,000 more pints of Brewery Vivant’s beer in 2016 than they did the year before.
Executives in Michigan’s solar energy industry spent most of 2016 dealing with anxiety and uncertainty over proposed legislative changes most believed would have stifled growth in the state’s nascent sector.
In securing a $40 million investment, Cirius Therapeutics Inc. illustrates a fundamental change that occurred in Michigan’s venture capital sector over the last decade.
HASTINGS — A West Michigan ammunition equipment manufacturer wants an arms maker owned by the United Arab Emirates to pay up.
HOLLAND — Executives at Evoqua Water Technologies LLC expect a combination of aging municipal infrastructure and an increased focus on sustainable business practices to drive interest in its water treatment technologies.
The sector that provides the majority of tooling, fixtures and molds required to manufacture automotive components is facing a crisis.
GRAND RAPIDS — A medical device startup will use a new $2.1 million capital investment to prepare for larger clinical trials for its new product that treats obesity.
The retail real estate sector could be on the verge of a major upheaval, beyond the near steady stream of headlines about brick-and-mortar store closures and bankruptcies in recent weeks.
Universal Forest Products Inc. surpassed analyst expectations in the first quarter of 2017, growing annual sales by 24 percent largely due to an acquisition that closed last fall.
Buoyed by continued strength in the automotive market, Gentex Corp. reported double digit sales growth in the first quarter of 2017.
Two Southwest Michigan economic development organizations have taken to federal court to argue over who gets the right to use the term “269.”
KL Outdoor LLC will add a bevvy of new products to its business through a recent merger with GSC Technologies Corp., a Montreal-based manufacturer of kayaks and other plastic products.
Developers continue to eye the Heartside neighborhood of downtown Grand Rapids for new construction.
More than a year after first announcing its intentions to close its Grand Rapids manufacturing operations in late 2017, Dematic Corp. may reconsider the move.
JCT Industries LLC in Grand Rapids acquired industrial distributor Brammall Supply Inc. in Benton Harbor.
Falcon Lakeside Manufacturing Inc. will invest $1.8 million to establish a new production facility in Stevensville and Eau Claire.
Milacron Holdings Corp. today detailed its plans to invest in a West Michigan manufacturing facility.
Chemical Financial Corp. doubled earnings for the first quarter, the second full three-month period for the company following its $1.7 billion acquisition of Talmer Bancorp Inc. last summer.
An affiliate entity of Rockford Construction Company Inc. today received approvals and state Brownfield funds from the board of the Michigan Strategic Fund to move forward with its proposed “superblock” on Grand Rapids’ west side.
Service Express Inc., a provider of hardware maintenance services for data center infrastructure based in Grand Rapids, acquired Delta Computer Services Inc. in Farmingdale, N.Y.