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Alumnus Owned Business, Display Group, expands into large space at Packard plant

August 5, 2014

What was once part of the shuttered 3.5 million-square-foot Packard Plant on Detroit’s east side has a new owner: The Display Group Ltd. (A Northwood Alumni Owned Business), which is currently in 200,000 square feet of space at 1700 W. Fort St.See the full article on Crain’s Detroit Business 

As President Rick Portwood’s business expanded in the last 18 months, he began looking for more space in the city. He found it in the 255,000-square-foot former Packard Building No. 22 — which is separate from the part of the plant purchased by Peruvian developer Fernando Palazuelo last year — that was built in 1941.

“We have been looking at some different areas of expansion, and this will allows us to go pretty crazy,” Portwood said, adding that the building is “in better condition than any other building I walked through.”

The company, which makes event props, rental office furniture and other products, expects to keep its showroom in the Fort Street building while moving company inventory, offices and manufacturing to the Packard building starting by the beginning of October.

Display Group had about $4 million in revenue last year and expects a 10 percent to 15 percent increase this year, along with additional hiring.

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