Page 9 - Upper Peninsula Business Today -- February 2018
P. 9

Bakery Focuses On
Local, Sustainable Bread
A new bakery in Ironwood is forging its path with inspiration from an old way of doing things. Bake Superior Bread, located at 230 E. Aurora Street in Ironwood, is owned by husband- and-wife team Andrew and Rachel Brand. They launched their new busi- ness with help from Northern Initiatives and now are busy baking fresh breads daily with a traditional, "old world" approach. That means using ingredients from local farms and preparing breads with no artificial additives.
"All of the products we make are free from the harmful ingredients that are typically packed into the store bought bread available in our local grocery stores," say the Brands on their web- site.
They source their breads from Whitney Creek Farm, Powderhorn Farm and Great River Organic Milling. Bake Superior breads are available at North Wind Natural Food Co-op in downtown Ironwood, Sharon's Coffee Company in Hurley, Wisconsin, and Cold Iron Brewing in Ironwood, besides the bakery's home location.
Bake Superior distributes in the Ironwood and Hurley areas and is open Monday through Saturday from 7 a.m. to 4 p.m.
ISD Students Explore
Local Manufacturing
ESCANABA — A talent tour of three businesses in the Marinette- Menominee area enabled over 100 welding, machining, and pre-engi- neering students from the Delta- Schoolcraft ISD to see how their tech- nical skills can be applied in the world of work. Students from the Jobs for Michigan Graduates program also participated. Companies included KS Kolbenschmidt, Johnson Controls and Enstrom Helicopter. The manu- facturing companies showed students what is involved in their production processes, and they are hoping to entice students to consider employ- ment with them.
Students not only gained an under- standing of what skills are required on the job — they learned how world events affect them locally. As explained by Dennis Martin, Manager of Sales and Marketing at Enstrom, world events affect need for products, which affects need for workers, especially in international companies like the three companies students were visiting on the talent
The KS Kolbenschmidt division of
Rheinmetall Automotive develops, produces and markets gasoline and diesel engine pistons for cars and commercial vehicles, in addition to large pistons for marine and locomo- tive engines. Molten aluminum alloy is poured into castings and machined with 50 million pistons manufactured every year for businesses like Ford Motor Company. The Marinette company employs 850 workers.
Johnson Controls, formerly Tyco Industries, produces fire suppression equipment, sprinkler systems, valves, extinguishing agents, and alarms for large commercial, government, and industrial applications in 150 coun- tries.
Enstrom Helicopter Corporation designs and manufactures single- engine piston and turbine helicopters for commercial, government and per- sonal use. The company recently signed a contract for six helicopters for the Czech Republic. Helicopters are also designed and manufactured for use in the U.S., Ukraine, Venezuela, Mexico and other coun- tries.
Clickner Appointed Chair of the IEDC Performance Oversight and Monitoring
MARQUETTE- Amy Clickner, CEcD, Lake Superior Community Partnership, has been appointed to serve as chair of the Performance Oversight and Monitoring Committee (POM).
This committee is one of only 4 standing committees through the International Economic Development Council (IEDC) and is responsible for working closely with the IEDC President and CEO in designing programmatic and financial performance reports that are appro- priate for the IEDC Board review and for monitoring the performance of all of the IEDC's programs and adminis- trative units. They are also responsible for reviewing and recommending revised and new operational policies meriting Board attention.
As POM chair, Clickner will also
serve on the seven person Governance Committee of the IEDC. IEDC serves over 4,600 members and repre- sents the largest network of economic development professionals in the world.
"It is truly an honor to be selected by the nominating committee and approved by the board of directors to serve as Chair of the Performance Oversight and Monitoring Committee which includes sitting on the 2018 Governance Committee. I am excited to work with my col- leagues across the country and contin- ue to bring back best practices and a network that can assist the LSCP in our economic development efforts," commented Clickner.
For more information on the LSCP, visit
First Federal of Northern Michigan Bancorp to merge with Mackinac Financial Corporation
MANISTIQUE — The Directors of Mackinac Financial Corporation, the holding company for mBank, and the Directors of First Federal of Northern Michigan Bancorp, Inc, the holding company for First Federal of Northern Michigan announced the execution of a definitive agreement for Mackinac to acquire FFNM through an all-stock merger of FFNM with and into a subsidiary of Mackinac. FFNM shareholders will receive .576 shares of Mackinac com- mon stock for each share of FFNM common stock. The aggregate value of the stock consideration, based on an assumed price of Mackinac shares of $15.75, is $33.8 million. MFNC expects to issue approximately 2.15 million shares to FFNM shareholders in connection with the transaction. Under the terms of the agreement, shareholders of FFNM will also receive a special cash dividend imme- diately prior to close of $8.0 million subject to maintenance of a minimum equity requirement. Total considera- tion to FFNM shareholders in con- nection with the transaction would equate to $41.8 million, or $11.22 per share, based upon the assumed value of Mackinac common shares. The transaction will increase mBank’s market position as the largest bank headquartered in the Upper Peninsula with post-transaction assets estimated at approximately $1.3 billion.
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