Alticor
From Wikipedia, the free encyclopedia
| Alticor, Inc. | |
|---|---|
 |
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| Type | Private |
| Founded | 2000[1] |
| Headquarters | Ada, Michigan, USA |
| Area served | Worldwide |
| Key people | President Doug DeVos, Chairman Steve Van Andel[2] |
| Industry | Holding: Consumer Products, Multi Level Marketing, Hotel |
| Products | Cleaning, Health and Beauty, Wellness |
| Services | MLM services, logistics |
| Revenue | FY 2007 worldwide sales 7.1 billion USD.[3] |
| Owner | DeVos and Van Andel families |
| Employees | 13,000[4] |
| Subsidiaries | Alticor Corporate Enterprises Amway Quixtar Access Business Group Amway Hotel Corp. Gurwitch Products Fulton Innovation Pyxis Innovations Inc. |
| Website | alticor.com |
Alticor is a privately held corporation, owned and run by members of 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 companies Amway and Quixtar and a manufacturing and distribution company Access Business Group.[6][7] In 2006, Alticor purchased Gurwitch Products from Neiman Marcus Group Inc., a investment firm and Gurwitch Product CEO Janet Gurwitch.[8]
Contents |
[edit] Alticor Corporate Enterprises
Founding in 2006, Alticor Corporate Enterprises is a subsidiary holding corporation of Alticor's non-direct selling companies: Amway Hotel Corporation, Gurwitch Products, Interleukin Genetics 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]
[edit] Amway Hotel Corporation
Alticor subsidiary Amway Hotel Corporation owns the Amway Grand Plaza Hotel in downtown Grand Rapids, Michigan, which opened in 1913 as the Pantlind Hotel. It was purchased, refurbished, expanded, and renamed in 1981. The company owns and operates the Courtyard by Marriott in Plaza Towers.[11] A third hotel in Grand Rapids under the name JW Marriott Hotels was opened in September 2007.[12]
[edit] References
- ^ Alticor Timeline (html). Alticor website. Retrieved on 2006-10-09.
- ^ Alticor President, Doug DeVos (html). Alticor website. Retrieved on 2008-04-04.
- ^ company financial subpage (html). Alticor Website. Retrieved on 2006-10-09.
- ^ fact sheet (html). Alticor Website. Retrieved on 20082006-10-09.
- ^ "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. "Amway reorganizes, now under new parent company, Alticor", Associated Press, 24 October 2000.
- ^ "Amway reveals new corporate structure", Associated Press, 25 October 2000.
- ^ Azevedo, Mary Ann. "Gurwitch Products gets ownership makeover" (html), Houston Business Journal, American City Business Journals, Inc., August 4, 2006. Retrieved on 2008-04-04.
- ^ Alticor posts sales of more than $6.3 billion in 2006 (html). Alticor Website Press Releases. Retrieved on 2008-04-04.
- ^ INTERLEUKIN GENETICS, INC. SCHEDULE 13D/A (html). SEC records at Edgar. Retrieved on 2008-04-04.
- ^ Chris Knape. "Marriott to run downtown hotel ; Alticor's experience with the company at its Plaza Towers hotel made the Marriott Hotels &Resorts brand attractive.", The Grand Rapids Press, 5 October 2004, p. A1.
- ^ Chris Knape. "A class of its own ; JW Marriott opening takes 'high end' to another level", The Grand Rapids Press, 16 September 2007.
