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 1959, 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, purchased 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 rooms to be operated by AHC.[14] By May 2017, Amway Hotel Corporation changed its name to AHC+Hospitality.[11]
External links
References
- Alticor Timeline Alticor, retrieved 2006-10-09^
- Alticor President, Doug DeVos Alticor website, retrieved 2008-04-04^
- Amway Parent Grows to $9.2 billion in 2010 17 February 2011, retrieved 8 March 2011^
- fact sheet Alticor Website, retrieved October 9, 2008^
- DeVos, Meijer rank among richest; Amway co-founder is 288th; supercenter founder is 605th The Grand Rapids Press, 7 March 2008^
- James Prichard. Amway reorganizes, now under new parent company, Alticor 24 October 2000^
- Amway reveals new corporate structure 25 October 2000^
- Mary Ann Azevedo. Gurwitch Products gets ownership makeover Houston Business Journal, American City Business Journals, Inc., August 4, 2006, retrieved 2008-04-04^
- Alticor posts sales of more than $6.3 billion in 2006 Alticor Website Press Releases, retrieved 2008-04-04^
- INTERLEUKIN GENETICS, INC. SCHEDULE 13D/A SEC records at Edgar, retrieved 2008-04-04^
- Matthew Russell. Technology transforms the hospitality industry in Grand Rapids Rapid Growth, May 11, 2017, retrieved January 3, 2019^
- Jim Harger. Hilton adding Amway Grand Plaza Hotel to Curio Collection MLive.com, June 1, 2015, retrieved January 3, 2019^
- Courtyard by Marriott Hotel at Plaza Towers may re-open this weekend May 8, 2013, retrieved September 7, 2016^
- Jim Harger. New downtown hotel will add to Amway lineup The Grand Rapids Press, MLive Media Group, February 3, 2017, retrieved January 3, 2019^