Breaking News

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.

Macatawa Bank Corp. maintained strong earnings and lending growth in the first quarter.

Here is the MiBiz Growth Report for May 2, 2016.

  • M&A: Brad Davis and Lynne Bosgraaf, both formerly executive team members at Grand Haven-based Light Corp., have acquired Ram Electronics Inc., a manufacturer in Fruitport of printed circuit boards, custom wire harnesses and other components. The deal came about as Ram’s previous owner, Don Neidlinger, looked to retire. Zeeland-based Rua Associates LLC advised Davis and Bosgraaf on the deal, the terms of which were not disclosed. The executives partnered with Mercantile Bank Corp. to structure a loan through the Michigan Economic Development Corp.’s collateral support program. The program provides collateral to fund down payments on expansions or mergers and acquisitions.
  • M&A: Lansing-based Neogen Corp., a manufacturer of food and animal safety products, acquired Brazil-based Deoxi Biotecnologia Ltda, an operator of an animal genomics laboratory, according to a statement. Terms of the deal were not disclosed. Deoxi’s management and staff will remain with the company.

BIG RAPIDS — Manufacturers often find themselves at an impasse when it comes to sourcing qualified welding talent. 

The $46.1 million Bronson Healthy Living Campus sprung from a need to create more room for Kalamazoo Valley Community College’s health programs.

GRAND RAPIDS — The formation of a new support system to foster entrepreneurship in West Michigan severs what had been a direct link between higher education and the venture capital community. 

The number of entrepreneur-themed programs developed for non-business students continues to grow across West Michigan liberal arts schools.

When it comes to communicating with donors, Marcie Hillary stresses the importance of simply staying silent.

While the challenge of finding talent makes headlines in the manufacturing and high-tech industries, similar struggles in West Michigan’s agricultural sector have the potential to hit even closer to home: the dinner table. 

Venture capital firms in Michigan do better than their counterparts nationally, but women and minorities still account for a small number of investment professionals who work in the industry and the entrepreneurs it supports.

When Mike Price and his colleagues formed Mercantile Bank Corp. nearly 20 years, they faced a vastly different landscape versus what exists today.

With a decades-long background as a real estate appraiser, State Rep. David Maturen believes he’s the right legislator to curb a controversial practice for property tax appeals that drains municipal coffers. 

ALBION — Over the last decade and a half, Team 1 Plastics Inc. avoided expanding its facility until absolutely necessary, choosing instead to maximize every square inch of its shop floor. 

Automakers have witnessed a resurgence in interest for trucks and SUVs as gasoline prices continue to hover around $2 per gallon in many areas of the country. 

ALLEGAN — John Hendrickson assumed command at Perrigo Co. plc as the company faces problems in Europe that will cut into 2016 earnings.

Investments in rail infrastructure eventually will expedite the time it takes for Amtrak passengers to commute from Kalamazoo to Chicago, potentially cutting travel times by a half hour. 

GRAND RAPIDS — Realizing that a movie theater would not work as a standalone project in downtown Grand Rapids, J.D. Loeks knew that he needed to broaden the scope of his long-planned development.

When voters repealed Michigan’s personal property tax for manufacturers in 2014, it was hailed as a major victory in a prolonged fight by the business community to revamp the state’s tax code. 

Saugatuck Brewing Co. will begin distribution into eastern Pennsylvania and eastern Missouri through new partnerships with breweries in those states.

The demand for a downtown grocery store appears to be getting heard loud and clear.

Half of the nearly 500 small businesses across Michigan that have completed a cyber-security assessment since December remained largely unaware of the daily risks they face.

Neogen Corp., a Lansing-based manufacturer of food and animal safety products, has acquired Brazil-based Deoxi Biotecnologia Ltda, an operator of an animal genomics laboratory.

Grand Rapids Community Foundation is expanding its Challenge Scholars program to include every graduating student at Union High School.

A controversial bill aimed at weakening Michigan’s historic preservation statutes has been “indefinitely suspended.”

Spectrum Health ranks among the top 15 health systems in the U.S. for performance according to a recent study.

Orion Construction Inc. today formally broke ground on its proposed $9.6 million mixed-use development dubbed Fulton Square in the Eastown neighborhood.

Perrigo Co. plc today quickly named John Hendrickson as chief executive officer following the resignation of Chairman and CEO Joe Papa.

With its 348 barrels of beer produced last year, Newaygo Brewing Co. accounted for less than 1 percent of all craft beer made in Michigan in 2015.

A Southwest Michigan biosciences firm plans to use a recent investment to move its cold weather- and drought-resistant seed technology from the research phase into developing new markets.

Nine hospitals in West Michigan — four of them owned by Grand Rapids-based Spectrum Health — earned a top grade this spring in a semi-annual scorecard on quality.

Driven by an increase in light vehicle sales, auto supplier Gentex Corp. generated double-digit revenue growth in its first quarter.

The board of trustees of Glen Oaks Community College hopes to leverage a low-interest loan from the United States Department of Agriculture (USDA) to assist with the design and construction of a 120-bed student housing facility.

Acoustics By Design Inc., a Grand Rapids-based acoustical consulting and design firm, has merged with Daly-Standlee & Associates Inc., a Beaverton, Ore.-based consulting and engineering firm.

Perrigo Co. plc is saying little about a report that Chairman and CEO Joe Papa may leave to become chief executive at Valeant Pharmaceuticals International Inc.

Bolstered by a mild winter and strong performance in its construction and retail markets, Universal Forest Products Inc. surpassed analysts’ expectations for earnings in its first quarter.

Construction should begin within two weeks on one of the largest projects ever in Muskegon County.

Stryker Corp. bumped up expectations for the full year after reporting higher sales and earnings for the first quarter.

Two former office furniture executives hope to leverage their collective experience as they start on a new business venture in West Michigan.

Great Lakes Coca-Cola Distribution LLC of Rosemont, Ill. has acquired the Coca-Cola production and bottling facility in Grand Rapids.

Office furniture supplier Knape & Vogt Manufacturing Co. has acquired Toronto-based International Source for Ergonomics (ISE) under its Workrite business unit.

Spartan Motors Inc. (Nasdaq: SPAR) broke ground today on a $5.5 million expansion project at its headquarters in Charlotte.

Grandville-based I.T. firm Trivalent Group Inc. has acquired fellow I.T. provider, East Lansing-based KI Technology Group, according to a statement.

Mercantile Bank Corp. today reported higher earnings and strong lending growth for the first quarter.

The Henry Ford Health System just joined the Federation Care Network, extending its reach into Southeast Michigan.