Breaking News

Omni United has acquired A to Z Tire & Battery Inc. of Amarillo, Texas.

Documents released this morning by the city’s Planning Commission outline further details of a proposed redevelopment project along the burgeoning Bridge Street corridor.

Backed by state incentives, developers could bring a new 52,000-square-foot mixed-use project to the north side of downtown Kalamazoo.

JR Automation Technologies LLC plans to invest $5.6 million to purchase a new facility in Holland Charter Township that will accommodate growth among its executive, engineering and other support staff.

Rockford Construction Company Inc. today formally announced plans for a redevelopment project that aims to bring 70 units of affordable housing to the northwest area of Grand Rapids.

With its share price down more than 13 percent since the Brexit vote, appliance maker Whirlpool Corp. looked to calm investors this morning by reaffirming its guidance for the 2015 fiscal year.

Stock prices of West Michigan’s publicly traded companies tumbled on Friday as Wall Street succumbed to the uncertainty caused by the U.K.’s decision to exit the European Union.

While Steelcase Inc.’s first quarter earnings largely met executives’ expectations, the company projects a decline in revenues and orders in its second quarter, driven largely by uncertainty in the global market.

A combination of a rebounding North American market and robust performance from niche categories led to a strong finish for Herman Miller Inc.’s 2016 fiscal year.

The Right Place Inc. President and CEO Birgit Klohs has one word to describe her reaction to the United Kingdom’s decision yesterday to leave the European Union: Disappointment.

Here is the MiBiz Growth Report for June 27, 2016.

• M&A: German company Kion Group AG, an industrial truck, material handling and logistics automation equipment manufacturer, plans to acquire Dematic Corp. for approximately $2.1 billion in what executives described as a “landmark” transaction. The deal values the logistics and automation firm, whose North American operations are based in Grand Rapids, at an enterprise value of $3.25 billion, according to a joint statement. Dematic generated $1.8 billion in revenues and $166 million in adjusted earnings before interest and taxes during the calendar year 2015. Kion Group will acquire Dematic from funds managed by New York City private equity firm AEA Investors LP and the Ontario Teachers Pension Plan. The deal, which is expected to close in the fourth quarter pending regulatory approval, also carves out “certain liabilities,” according to a statement.

Employers who are increasingly paying attention to the overall well-being of employees are generating opportunity for West Michigan office furniture makers to create the type of workspaces that contribute to workers’ health.

Grand Rapids-based law firm Miller Johnson Snell & Cummiskey PLC recently joined the growing ranks of companies ditching aging, inefficient offices for modern space better suited for collaboration.

Neighborhood cafe and roastery Rowster Coffee Inc. is planning to introduce a new concept to the city’s West Side.

As the footprint of workstations continues to shrink, office furniture manufacturers are focusing on integrating new technology into their products to drive value. 

CHICAGO — After several years of vacillating between open office concepts and private spaces, the so-called “pendulum shift” in office furniture seems to have settled into a new normal. 

Grand Rapids law firm Varnum LLP has pledged another $1 million in free legal services to startups in Michigan.

GRAND RAPIDS — SpartanNash Co. has to overcome a key hurdle in attracting craft beer shoppers to the retailer’s high-end D&W Fresh Market Breton Village store. 

While a recent report shows that charitable giving is on the rise nationwide, the trend is far more complex on the local level in West Michigan.

Earlier this month, the state Legislature adjourned for most of the summer so lawmakers can focus on constituent issues in their home districts, as well as this year’s election. 

Updates to a Michigan law now allow credit unions to branch into new services while streamlining their state regulatory burden.

Downtown-ish Grand Rapids could finally get a “real” grocery store sometime in the future, if plans from Meijer Inc. and Rockford Construction Co. Inc. come to fruition. 

New commercial real estate projects continue to pop up around West Michigan at a frantic pace.

Automotive analysts are looking at recent sales results and warning that the industry cycle may have peaked. 

MUSKEGON — A pair of West Michigan entrepreneurs want to create a market for onsite electrical power generation by undercutting large utilities with cheaper electricity costs. 

Apart from uncertainty caused by global turmoil and the current political landscape, the office furniture industry seems primed for at least two more years of positive, albeit modest, growth.

potential affiliation with Metro Health Corp. would give the University of Michigan Health System the role it’s long wanted in West Michigan.

GRAND RAPIDS — A West Michigan venture initially launched to connect college entrepreneurs across the U.S. with prospective alumni investors has merged with a U.K.-based crowdfunding platform for the education sector.

state lawmaker wants to restore an angel investment tax credit in Michigan as a way to create a larger pool of prospective investors in startup companies.

ZEELAND — When news of a lawsuit questioning the legality of Herman Miller Inc.’s acquisition of Design Within Reach made headlines this month, few people in the industry understood the complexity of the case. 

Page 99 of 117