TriMas reports lower profit on higher sales
BLOOMFIELD HILLS—The diversified manufacturer TriMas Corp. (NASDAQ: TRS) reported net income of $23.7 million in the fourth quarter ended Dec. 31, down from $38.4 million in the same quarter of …
Shyft gets work on new Isuzu medium-duty trucks
CHARLOTTE—The Builtmore Contract Manufacturing unit of Novi-based Shyft Group Inc. (NASDAQ: SHYF) has been selected to produce additional options in the F- and N-series lineups for Isuzu Commercial Truck, including …
Meritor to build drivetrains for electric trash trucks
TROY—Officials at the auto supplier Meritor, Inc. (NYSE: MTOR) announced a five-year agreement to supply electric powertrains to Autocar Truks LLC for refuse vehicles. The vehicles will use Meritor’s Blue …
Piston Group subsidiary makes acquisition
SOUTHFIELD—Irvin Products, a subsidiary of the Piston Group formed by Detroit businessman and NBA legend Vinnie Johnson, announced the acquisition of Chicago-based A. Lava & Son, a cover supplier in …
LTU’s Centrepolis Accelerator salutes top hardware company clients
SOUTHFIELD—The Centrepolis Accelerator, the physical-product business accelerator established by Lawrence Technological University and the city of Southfield, has named the winners of its inaugural Client Awards, recognizing some of Michigan’s …
Guardhat raises equity, names investor to board
DETROIT—Guardhat, the developers of protective industrial headwear with health monitoring equipment built in, announced that it had raised a Series B venture capital round. The amount of the funding was …
Shyft Group adds two new directors
NOVI—Officials at Shyft Group Inc. (Nasdaq: SHYF), formerly Spartan Motors, announced the addition of Terri Pizzuto and Mark Rourke to the company’s board of directors. Shyft is a manufacturer of …
NAI names ‘director of operational excellence’
TROY—NAI, A designer and manufacturer of custom interconnect products for power and data, announced the appointment of Delice Javalera as director of operational excellence, a new position. In this role, …
TriMas closes acquisition
BLOOMFIELD HILLS—Officials at TriMas Corp. (NASDAQ: TRS) announced the completion of its previously announced acquisition of Affaba & Ferrari, an Italian designer and manufacturer of closures for food and beverage …
Centrepolis Accelerator to honor top clients in online ceremony Dec. 16
SOUTHFIELD—The Centrepolis Accelerator, the manufacturing business accelerator on the campus of Lawrence Technological University, will name the winners of its first-ever Centrepolis Accelerator Client Awards in an online ceremony Wednesday, …