Displaying items tagged: PricewaterHouseCoopers

The topic of the day at this year’s Center for Automotive Research (CAR) Management Briefing Seminars was predictable.

The recent and sudden downturn in the automotive industry is likely to lead to a flurry of bankruptcies and sell-offs by distressed suppliers, not unlike what the industry witnessed on the heels of the Great Recession.

This is the growth report for Feb. 2, 2020.

LOWELL — eMotion Controls Co., an automation controls system integrator and software company, has been acquired by a Kentucky firm. 

ADAC Automotive, a Grand Rapids-based Tier 1 automotive supplier, is working toward a new strategy that will bring supplier-initiated technological advances into the sector. 

The ongoing Industry 4.0 revolution has the potential to transform how companies organize, operate and profit. At the same time, manufacturers are struggling to pinpoint and extract value from this new ability to gather seemingly limitless amounts of data.

DETROIT — Meijer Inc. largely functions as a brick-and-mortar operation, but the supercenter retailer increasingly is taking cues from tech companies as it implements new ways of serving customers.

COOPERSVILLE — Manufacturers used to years-long product cycles have been hesitant to embrace the frenetic pace of change that comes with the adoption of cutting-edge technologies on their factory floors. 

Before Landscape Forms Inc. acquired Kornegay Design last year, the Kalamazoo-based designer and manufacturer of site furniture, accessories and lighting mulled several acquisition targets that shared its design culture and core beliefs.

Get ready for the rise of the machines in the health care industry.

In the middle of an extended construction industry expansion across West Michigan, most contractors are focused on running their businesses, rather than transitioning them to new ownership. 

GRAND RAPIDS — SpendMend LLC, a company that provides spending visibility and audit and recovery services to the health care industry, sold a majority stake to Chicago-based private equity firm Sheridan Capital Partners.

More automotive suppliers these days are finding it’s easier to buy cutting-edge technology companies than to develop the complex systems on their own.

A phone call Ranir LLC CEO Rich Sorota got in early 2016 offered an opportunity: Multinational medical device and pharmaceutical company Johnson & Johnson Consumer Inc. wanted to sell its Rembrandt teeth-whitening product line. 

Family-owned companies often do what they can to keep their businesses in the family, but at times, that’s not always prudent

Family-owned companies often do what they can to keep their businesses in the family, but at times, that’s not always prudent

As the pace of technological change intensifies for the automotive industry, suppliers are turning to acquisitions to reshuffle their businesses and prepare for the road ahead.

ZEELAND — Charter House Innovations has taken the strategy of business diversification to an extreme.

As the automotive industry pursues cutting-edge technological breakthroughs in autonomous driving and vehicle electrification, West Michigan suppliers must ensure they’re not left behind.