Leggett & Platt Commercial Vehicle Products, a Ford upfitter, has signed a lease for a 72,000-square-foot build-to-suit facility in Hunt Midwest’s Subtropolis, the world’s largest underground business complex.
The deal also includes a 13.5-acre underground parking lot for 1,200 Ford Transit commercial vans.
Ford Motor Co.’s $1.1 billion investment to retool its Claycomo assembly plant to produce the new Ford Transit has helped attract several automotive suppliers to the combination of above- and below-ground real estate that Hunt Midwest has nicknamed ” Automotive Alley.”
Leggett & Platt CVP is the seventh Ford upfitter to locate in Automotive Alley, which includes SubTropolis and is located just two miles from the Claycomo plant, where Ford is producing the Ford F-150 as well as the Transit. Automotive Alley’s total footprint dedicated to automotive suppliers now includes more than 100 acres of developed land and 470,000 square feet of leased space.
Ascension Insurance Inc. has acquired Atlanta-based Modern Services Insurance Agency Inc., the company announced Thursday. The acquisition, which closed last week for an undisclosed amount, is the seventh since 2010 for ... Read More
Call it good timing, in a perverse kind of way. A team of University of Missouri researchers has won a $5.4 million grant to study alternative biofuels that do not impact ... Read More
The Newberry Group Inc., a St. Charles IT services and security firm, recently acquired cmdLabs LLC, a Baltimore-based digital forensics and incident response company, for an undisclosed sum. More ... Read More
The National Cancer Institute has awarded MRIGlobal a five-year, $3.8 million contract to analyze potential drugs in the fight against cancer. Kansas City-based MRIGlobal announced the award Friday, saying this is ... Read More
The Missouri Department of Transportation has won top honors in the Mid America Regional “America’s Transportation Awards” competition for two projects that were completed ahead of schedule and under budget. Chief ... Read More
Washington University in St. Louis and a consortium of universities, laboratories and industry partners are in the process of launching the Solar Energy Research Institute in India and the United States ... Read More
Area Development magazine has ranked 365 Metropolitan Statistical Areas (MSAs) to determine the “Leading Locations for 2012. The results show that even amid the recessionary gloom, there were blooms of prosperity, ... Read More
WireCo World Group lassoed an international manufacturer of synthetic ropes in a purchase valued at $177 million, the Kansas City Business Journal reports. Kansas City-based WireCo completed its purchase of Lankhorst ... Read More
The price of automotive lithium ion batteries is expected to fall dramatically by the end of the decade and even further by 2025, according to a McKinsey Research study released today. ... Read More
Forbes’ 14th annual ranking of the “Best Small Places for Business and Careers” looks at 12 metrics relating to job growth (past and projected), costs (business and living), income growth over ... Read More