Public pension fund leads $9.8M investment in Grand River Aseptic Manufacturing

A $9.8 million investment that included money from a pension fund for Michigan public employees should provide the growth capital that Grand River Aseptic Manufacturing Inc. needs to fund expansion for two new large client contracts. The capital infusion — led by the Municipal Employees’ Retirement System — enables the Grand Rapids-based Grand River Aseptic Manufacturing to prepare for future growth through a facility expansion, purchase new equipment and hire additional staff, said President Tom Ross. The Charter Group provided investment banking services for the fundraising effort.  Read more at MiBiz

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