Company:Alticor
 | |
| Formerly |
|
|---|---|
| Type | Private |
| Industry | Holding company |
| Founded | 1959 |
| Founder | Richard DeVos Jay Van Andel |
| Headquarters | Ada, Michigan, U.S. |
Area served | Worldwide |
Key people | Steve Van Andel (chairman) Doug DeVos (president)[2] |
| Revenue |  United States dollar 9.2 billion (2010)[3] |
| Owner | DeVos & Van Andel families |
Number of employees | 13,000[4] |
| Subsidiaries |
|
| Website | www |
Alticor is a privately owned American corporation run by the DeVos and Van Andel families.[5] It was established in 1999 to serve as the parent company for a handful of business ventures, most notably the multi-level marketing company Amway and Amway Global, and a manufacturing and distribution company, Access Business Group.[6][7]
In 2006, Alticor purchased cosmetics maker Gurwitch Products from Neiman Marcus Group Inc. and operated it as a wholly owned subsidiary until Gurwitch was acquired by Shiseido in 2016.[8]
Alticor Corporate Enterprises
Founded in 1956, Alticor Corporate Enterprises is a subsidiary holding corporation of Alticor's non-direct selling companies: Amway Hotel Corporation, Gurwitch Products, Interleukin Genetics, Metagenics and Fulton Innovation.[9] Pyxis Innovations Inc., formed in 2000, purchase ownership in Interleukin Genetics and is a wholly owned subsidiary of Alticor Inc.[10]
AHC+Hospitality
AHC+Hospitality, formerly Amway Hotel Corporation, is the Alticor hotel subsidiary. AHC owns several hotels in Grand Rapids and the British Virgin Islands.[11]
The Amway Corporation purchased, refurbished, expanded and renamed the Pantlind Hotel to the Amway Grand Hotel in 1981.
In February 2017, CWD Real Estate Development indicated plans to convert a downtown Grand Rapids building into an AC Hotels by Marriott with 130-room to be operated by AHC.[12] By May 2017, Amway Hotel Corporation changed its name to AHC+Hospitality.[11]
References
- ↑ "Alticor Timeline". Alticor. http://www.alticor.com/resource-center/company-information/alticortimeline.aspx.
- ↑ "Alticor President, Doug DeVos". Alticor website. http://www.alticor.com/resource-center/leadership/dougdevos.aspx.
- ↑ "Amway Parent Grows to $9.2 billion in 2010". 17 February 2011. http://www.prnewswire.com/news-releases/amway-parent-grows-to-92-billion-in-2010-116396994.html.
- ↑ "fact sheet". Alticor Website. http://www.alticor.com/news/pop_alticor_fact.html.
- ↑ "DeVos, Meijer rank among richest ; Amway co-founder is 288th; supercenter founder is 605th". The Grand Rapids Press. 7 March 2008. p. C1.
- ↑ James Prichard (24 October 2000). "Amway reorganizes, now under new parent company, Alticor". Associated Press.
- ↑ "Amway reveals new corporate structure". Associated Press. 25 October 2000.
- ↑ Azevedo, Mary Ann (August 4, 2006). "Gurwitch Products gets ownership makeover". Houston Business Journal (American City Business Journals, Inc.). http://houston.bizjournals.com/houston/stories/2006/08/07/story3.html.
- ↑ "Alticor posts sales of more than $6.3 billion in 2006". Alticor Website Press Releases. http://www.alticor.com/resource-center/releases/alticor-2006-sales.aspx.
- ↑ "INTERLEUKIN GENETICS, INC. SCHEDULE 13D/A". SEC records at Edgar. http://yahoo.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?SessionID=yRbNj2bI2EMjXni&ID=4623581.
- ↑ 11.0 11.1 Russell, Matthew (May 11, 2017). "Technology transforms the hospitality industry in Grand Rapids". Rapid Growth. http://www.rapidgrowthmedia.com/features/05112017-OST-Hospitality.aspx.
- ↑ Harger, Jim (February 3, 2017). "New downtown hotel will add to Amway lineup". The Grand Rapids Press (MLive Media Group). https://www.mlive.com/business/west-michigan/index.ssf/2017/02/new_downtown_hotel_will_add_to.html.
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