Stryker Corporation

"A medical device maker is acquiring another manufacturer’s neuro product portfolio in an all-cash transaction. Stryker in Kalamazoo said today that it has signed a definitive agreement for all of the assets associated with Synergetics USA's neuro portfolio. (Grand Rapids Business Journal)

GM is now in seventh place instead of fifth. Ford Motor company was also moved down in rank on the Fortune 500 to tenth place. But Kellogg moved up 13 spots to number 192, and Stryker bumped up from 308 to 305.

Net sales in the first quarter were up compared to a year ago

Company says plant currently has 662 employees.

Kalamazoo-based company stands to collect $70-million in estimated lost profits.