Altair, a global leader in computational science and artificial intelligence, announced the acquisition of OmniV, a product of XLDyn, a renowned product development software company based in Southeast Michigan. The OmniV technology, known for its promotion of open model-based systems engineering (MBSE) practices, aims to bridge the gap between high-level system modeling and simulation and […]
Tata Elxsi, an Indian design and technology services company, unveiled its new Innovation Hub and nearshore engineering center in Troy, Michigan. The inauguration of this facility also commemorates Tata Elxsi’s successful 15-year journey in Troy, where it has established strong partnerships with leading OEMs, suppliers, and automotive ecosystems in the region. The state-of-the-art center will […]
Arrow International, a charitable gaming products manufacturer, said that its affiliated entity Bow Distribution has acquired the operational assets of Blue Bay South, Fraternal Enterprises, American Bingo Company, and Wholesale Bingo Supplies (collectively Blue Bay). Blue Bay, which is a charitable gaming distributor in Michigan, has been acquired from Bob Robinson and Rob Robinson, and […]
Pye-Barker Fire & Safety, an American provider of fire protection services and equipment, has acquired Michigan-based Vanguard Fire & Security Systems for an undisclosed price. The deal marks the foray of Pye-Barker Fire & Safety in Michigan, the 35th state in the US where the company has a footprint. Headquartered in Grand Rapids, Vanguard Fire […]
DexKo Global said that it has acquired Indiana-based Horizon Plastics & Engineering, a provider of plastic injection molded components, for an undisclosed price. Located in Osceola, Horizon Plastics & Engineering, which was incorporated in 1983, caters to multiple industries. Horizon Plastics & Engineering’s current owner Neil Hassinger joined the business in 1985 to supervise the […]
American flavor producer FlavorSum, a portfolio company of private equity firm Riverside Company, said that it has started construction to expand its Kalamazoo facility in Michigan by two times with the addition of 35,000sft. With the expanded area of operation, FlavorSum expects to build out more technical capacities and resources to meet the requirements of […]
Ford Motor Company will construct the BlueOval Battery Park Michigan, a new $3.5 billion lithium iron phosphate (LFP) battery facility in Marshall, Michigan to become the first automaker to manufacture both nickel cobalt manganese (NCM) and LFP batteries in the US. The country’s first automaker-backed LFP battery facility is anticipated to diversify Ford Motor’s US […]
Switzerland-based cement maker Holcim will acquire Duro-Last, a Saginaw, Michigan-based roofing systems company, in a transaction valued at $1.29 billion, to expand its footprint in North America. The transaction is part of Holcim’s “Strategy 2025 – Accelerating Green Growth” to increase its Solutions & Products business to 30% of Group annual sales by 2025. Duro-Last […]
McGrath RentCorp, a business-to-business rental company in North America, has acquired modular space solutions company Vesta Modular from Kinderhook Industries in an all-cash transaction valued at approximately $400 million. With the acquisition, McGrath RentCorp anticipates to increase its longer-term financial profile, mobile modular business footprint, reach to new customers, and proportion of longer-term rental revenue […]
Traverse City Whiskey, a distilled spirits company, has broken ground on its new craft whiskey production plant in Traverse City, Michigan, to meet the increasing demand for the company’s products, including premium Cocktail Cherries and Cocktail Crate craft mixers. The distilling campus will increase the company’s existing manufacturing facilities and tasting room at 201 E. […]