Breaking News

Stryker Corp. today completed the acquisition of OrthoSPace Ltd., an Israeli company that developed a treatment for massive, irreparable rotator cuff tears.

Holt-based Moore Trosper Construction Co. has opened an office in Sault Ste. Marie in an effort to work with the local Sault Ste. Marie Tribe of Chippewa Indians.

Roll covering manufacturer Vail Rubber Works Inc. plans to invest $8.3 million for a new facility in Southwest Michigan after outgrowing its longtime space in downtown St. Joseph.

The real estate and development arm of Livonia-based Schostak Brothers & Co. has purchased a 950,000-square-foot distribution facility in Grand Rapids.

LITCHFIELD — Proposed commercial-scale maltster Independent Barley & Malt Inc. has signed an exclusive supplier agreement with Maumee, Ohio-based The Andersons Inc. Under the terms of the agreement, Litchfield-based Independent Barley & Malt will use The Andersons (Nasdaq: ANDE) to source, supply, deliver and store the malting barley it will use in its operations.

An upcoming open house provides companies a chance to connect with Spectrum Health, the City of Grand Rapids, Grand Valley State University and the Grand Rapids Public Schools. The city and Spectrum Health organized the Meet the Buyers open house for 2-5p.m., Thursday, March 14 at the David D. Hunting YMCA on Lake Michigan Drive in downtown. The open house gives companies a chance to meet with buyers and learn about bidding opportunities with organizations that have $1.5 billion in annual collective buying power.

GRAND RAPIDS — The Kent County Department of Public Works and The Right Place Inc. have announced a development partnership for the Kent County Sustainable Business Park. The Department of Public Works announced last year it was issuing a request for information to seek potential tenants for the proposed business park on about 200 acres that it owns in Byron Township and Allegan County, adjacent to its South Kent Landfill.

GRAND RAPIDS — The Kent County Road Commission is evaluating one bid valued at more than $5 million for its property on the Grand River. The Road Commission in December released a notice of sale for its Central Complex property located at 1500 Scribner Ave. NW along the west bank of the Grand River near U.S. 131. According to the Road Commission, 2722 Vassar LLC, which is registered to Christopher Weller, was the only entity to submit a bid.

GRAND RAPIDS — A federal judge has ordered the financially-embattled Boersen Farms Inc., related entity Boersen Farms AG LLC, and its owners to pay nearly $14.9 million to Tennessee-based Helena Agri-Enterprises, LLC for unpaid debts.

Die Tech Services Inc., a West Michigan-based manufacturer of dies and checking fixtures that also supplies contract labor to manufacturers, has filed for Chapter 11 bankruptcy.

Spartan Motors Inc. has expanded its dealership network in the southeastern U.S. for its Spartan Emergency Response business unit.

Holland-based Composite Builders LLC plans invest over $344,000 to more than double its manufacturing space. 

Floor care product company Bissell Inc. plans to invest $10 million into an expansion project at its corporate headquarters.

A federal agency has charged Michigan’s largest egg producer with harassing a line worker and then retaliating against her for reporting the behavior.

Business advocates in Lansing panned Gov. Gretchen Whitmer’s proposal to implement what she called “tax parity” by having small businesses pay the same 6-percent state income tax now levied on corporations in Michigan.

Gov. Gretchen Whitmer’s first budget proposal would raise Michigan’s gas and diesel fuel tax by 45 cents per gallon over 12 months to generate $2.5 billion annually to repair state and local roads.

Opus Packaging Group Inc. is continuing the expansion of its packaging facilities portfolio with the acquisition of a fourth company, Wabash Container Corp. of Illinois.

Cultivate(MD) Capital Fund II LP, a venture capital fund operated by Grand Rapids-based Genesis Innovation Group, invested in Embody Inc., a Norfolk, Va. company that developed a collagen-based micro-fiber implant for Achilles’ heel and rotator cuff repairs.

After three decades of running tribal gaming operations, Michigan-based Native American tribes have started to leverage their casino revenues to launch economic development corporations and diversify their economies. 

When the Little Traverse Bay Bands of Odawa Indians replaced the former Victories Casino with the new Odawa Casino in 2007, the tribe was left with a 22-acre site and a vacant building at the southern end of Petoskey.

Dowagiac-based Mno-Bmadsen, the non-gaming investment arm of the Pokagon Band of Potawatomi Indians, takes a familiar portfolio-based approach to its economic development enterprise. But rather than drive overall top-line revenue for its family of companies, Mno-Bmadsen is focusing on growing the combined earnings before interest, taxes, depreciation and amortization (EBITDA) of its holdings.

Over the next five years, CEO Tom Wilbur plans to build Grand Traverse Economic Development into a $100 million diversified portfolio of eight to 10 firms capable of capturing federal and state contracts.

A West Michigan marine transportation firm is significantly increasing its freight capacity in response to higher demand from a key customer. Port City Barge Inc. of Muskegon last month took delivery of the Commander, a 495-foot by 72-foot freight barge that it plans to use to haul cement for St. Marys Cement US LLC.

On a recent night in February, around 50 people attended a private dinner in Muskegon Heights featuring a 10-course tasting meal. The fine-dining plates included mussels and crab cakes made with fresh crab sourced from Fish Lads of Grand Rapids Inc. Michigan Cannabis Chefs LLC hosted the $35-per-person event, offering dishes infused with marijuana throughout the night.

Matt Emery felt ready to move on from the automotive industry after 15 years, so last fall he began looking around for a business to buy. After considering a contract manufacturer, machine shops, an HVAC business and others, Emery found the “perfect fit” in Think Chromatic LLC, a Comstock Park-based small company that does 3-D rendering and animation.

A proposed headquarters project in Cascade Charter Township could become the home for Acrisure LLC, a Caledonia-based insurance brokerage that’s been growing rapidly through an ambitious M&A strategy. 

West Michigan manufacturers have taken a disciplined approach to research and development spending throughout the sustained period of economic recovery and growth. 

Grand Angels’ formation of an affiliate investment group in Detroit brings more capital and investors into the field to support startup companies in Michigan. 

Two lakeshore communities are rethinking how former industrial sites will play a role in future development along their waterfronts. 

To help make Bronson South Haven Hospital more efficient, the owners are planning to shrink the facility’s footprint as part of a compact, contemporary health village design. Kalamazoo-based Bronson Healthcare, which acquired the former South Haven Health System in 2017, tapped Elzinga & Volkers Inc. to lead the $22 million project, which exemplifies a shift away from the inefficient designs of the past.

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