After running as lean as possible in the years following the recession, West Michigan manufacturers are embracing acquisitions as a strategy to add capacity and meet customer demand. That was the case for Grand Rapids-based Mill Steel Co. when it acquired certain assets of S&S Steel Services Inc. of Anderson, Ind.
Chairman and CEO Mike Price told investors that the Grand Rapids-based Mercantile Bank (Nasdaq: MBWM) remains open to M&A, and even a transaction similar to the $151.5 million “merger of equals” it completed in July 2014 with the former Firstbank Corp.
Grand Rapids-based Windquest Group Inc., the family office for Amway scion Dick DeVos and his wife, Betsy DeVos, that invests in a portfolio of companies, is getting into the booze-making business, MiBiz has learned.
The Western Michigan University Homer Stryker M.D. School of Medicine completed the acquisition of the Southwest Michigan Innovation Center on Jan. 1. The medical school plans to use the Innovation Center to expand its research work.
The Grand Haven health system’s sale of North Ottawa Home Care Equipment was effective Jan. 1. CareLinc, which now has 20 locations in Michigan, retained the Grand Haven retail location, filling in a gap to its footprint in the lakeshore market where the company also has stores in Holland and Ludington.
Mill Steel Co. of Grand Rapids purchased certain assets of S&S Steel Services Inc. of Indianapolis, Ind., according to a statement. The deal that closed Jan. 11 helps Mill Steel expand its product portfolio and geographic presence.
Here is the MiBiz Growth Report for Jan. 11, 2016.
Gypsum Supply Co. Inc. of Byron Center has been acquired by Georgia-based Gypsum Management & Supply (GMS), a distributor of specialty interior building products.
A mega merger of two West Michigan credit unions has been called off. Instead of joining operations, Lake Michigan Credit Union in Grand Rapids and St. Joseph-based United Federal Credit Union will remain independent entities.