Manistee electronics firm acquired
BOCA RATON, Fla. — The Florida private equity firm New Water Capital L.P. announced that its portfolio company, Myotek, has acquired Amptech Inc., a value-added manufacturer of electronics and electrical …
Superior Industries swings to loss on lower shipments
SOUTHFIELD — Superior Industries International Inc. (NYSE:SUP), an alumninum wheel supplier for automakers and the European aftermarket, reported a loss of $700,000 or 37 cents a share in the third …
Two business expansions creating 100 jobs get state aid
LANSING — The Michigan Strategic Fund has supported two business expansions, in Washtenaw County’s Pittsfield Township and in Kent County’s Plainfield Township. Pacific Industrial Development Corp. received a $400,000 Michigan …
Superior cuts outlook, issues preliminary results
SOUTHFIELD — Superior Industries International Inc. (NYSE:SUP), a supplier of aluminum wheels to the auto industry, cut its 2018 outlook amid falling wheel unit shipments. The company said that based …
Lear sales, profits slump, outlook cut
SOUTHFIELD — Lear Corp. (NYSE: LEA), the supplier of automotive seating and electrical and electronic systems, reported net income of $252.5 million or $3.80 a share for the third quarter …
Six companies get state aid on projects to add 1,100+ jobs
LANSING — Six business expansions that will generate more than $180 million in private investment and create more than 1,100 jobs in Michigan have received support from the Michigan Strategic …
LEAP efforts land Tesla supplier in Lansing
LANSING — The Lansing Economic Area Partnership was joined by the City of Lansing in announcing the new distribution operations of Norm Fasteners, a U.S. subsidiary of Norm Group. Norm …
Superior Industries swings to profit in second quarter
SOUTHFIELD — Superior Industries International Inc. (NYSE: SUP), the supplier of aluminum wheels to the auto industry, reported net income of $8.1 million or 9 cents a share in the …
Air Lift rolls out new wireless air suspension control system
LANSING — Air Lift Co. announced a redesign of its WirelessOne on-board air compressor system, making the wireless control of all brands and types of air springs easier and more …
Protean Electric gets $40M investment
TROY — Protean Electric, the Troy-based manufacturer of in-wheel electric motors for the transportation industry, announced the completion of a $40 million equity investment as the initial closing of its …