Breaking News

GRAND RAPIDS — The managers of Michigan Accelerator Fund I are seeking to raise up to $5 million from investors to provide further financial backing to portfolio companies.

After a banner year for deal flow, the merger and acquisition market seems to have tempered slightly in 2016.

Gordon Food Service Inc. (GFS) yesterday reached a $1.85 million settlement with the U.S. Department of Labor over discriminatory hiring practices.

Problems with operations in Europe drove Perrigo Co. plc to a loss in the first quarter amid higher sales.

Plastics distributor Total Plastics Inc. of Kalamazoo has acquired Northeast Plastic Supply of Philadelphia.

After reaching full capacity at its Grand Rapids production facility, Kent Quality Foods Inc.plans to invest $35 million into a second plant in Ottawa County’s Jamestown Charter Township.

Spiech Farms LLC will invest more than $1 million into an expansion project at its production facility in Paw Paw.

Gull Lake Marine plans to open a new retail location in Coopersville on May 14.

Another West Michigan craft brewery plans to expand.

Norton Shores-based Horizon Group Properties Inc. announced yesterday the formation of a partnership to build The Outlet Shoppes at Laredo in Laredo, Texas.

Oliver Products Co. yesterday announced that it had acquired New Britain, Pa.-based Mangar Medical Packaging.

Indianapolis-based The XLerate Group has acquired Grand Rapids Auto Auction.

Traverse City-based craft beer bar and restaurant 7 Monks Taproom has unveiled plans for a Grand Rapids location along the growing Michigan Street corridor.

Deerfield, Ill.-based Pregis LLC will invest $17 million in an expansion project for its Eagle Film Extruders Inc. facility in Grand Rapids.

Michigan State University received two major donations totaling $15 million for the forthcoming $88.1 million Grand Rapids Research Center.

Gov. Rick Snyder has approved a package of bills designed to clarify the process for manufacturers filing personal property tax (PPT) exemptions.

South Haven Health System could become a part of Bronson Healthcare Group if the two can agree on a final deal and persuade voters to do the same.

Following a two-year preparation process, Crystal Flash has successfully transitioned to a 100-percent employee-owned company.

Cargill Kitchen Solutions will invest $27 million in a 28,000-square-foot expansion at the company’s egg processing facility in Lake Odessa.

Two Planned Parenthood affiliates, whose operations separately served the state of Michigan, have merged into one entity known as Planned Parenthood of Michigan (PPMI).

St. Louis, Miss.-based Commerce Bank has announced plans to enter Michigan with a Grand Rapids office.

Kewill Inc., a global provider of supply-chain software, is acquiring Holland-based LeanLogistics from Australian-based Brambles Ltd.

Wolverine World Wide Inc. reported declining revenues in the first quarter of its 2016 fiscal year, in line with what the company’s executives predict to be a challenging year.

West Michigan World Trade Week is pleased to announce details of the 31st annual business conference on May 12, 2016.

MPI Research Inc. has named Rob DeWit as its new president.

American Airlines announced that it will begin offering three nonstop daily flights from Lansing’s Capital Region International Airport to Chicago’s O’Hare International Airport.

Fox Brothers Company, a distributor of roofing, siding, windows, doors and other products, has been acquired by Virginia-based Beacon Roofing Supply Inc.

Neogen Corp. has acquired Nevada-based Preserve International and Tetradyne LLC, a manufacturer of cleaners and disinfectants for the livestock and food processing industries.

The partners in a newly proposed grocery store in downtown Grand Rapids cite the growing number of residents and workers in the Heartside neighborhood as a sign that the city needs more food options.

Stryker Corp. bought U.K.-based orthopaedic implant firm Stanmore Implants Worldwide Ltd. from SIW Holdings Ltd. for 35.6 million euros.

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