Grand River Aseptic Manufacturing gets $9.8 million for growth

June 20, 2014 - Grand Rapids Business Journal

Grand River Aseptic Manufacturing in Grand Rapids has completed a successful campaign to raise capital for expansion and improvements it expects will lead to new business. Among the investors that added to the $9.8 million raised is the Municipal Employees’ Retirement System of Michigan. Investment banking services for the debt and equity fundraising effort were provided by principals of The Charter Group. Dale Grogan, vice president, The Charter Group, said his organization began working with GRAM “when they opened the doors in 2011. We have been thrilled to grow with them over the past few years and are excited about this new funding and what it will bring as GRAM moves to the next level. GRAM continues to prove itself as a growing, high-value member of West Michigan’s biotech community, and we’re pleased to be a part of it.” more

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