Type Private Area served Worldwide CEO Doug DeVos (2002–) Founded 1949 Parent organization Solstice Holdings Inc | Industry Holding company Revenue US$ 9.2 billion (2010) Founder Jay Van Andel Number of employees 13,000 | |
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Key people Steve Van Andel (chairman); Doug DeVos (president) Owner DeVos & Van Andel families Headquarters Ada Township, Michigan, United States | ||
Alticor corporate video jim cissell
Alticor is a privately held corporation, owned and run by members of the DeVos and Van Andel families. 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. In 2006, Alticor purchased Gurwitch Products from Neiman Marcus Group Inc., an investment firm and Gurwitch Product CEO Janet Gurwitch.
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Alticor Corporate Enterprises
Founded in 2006, 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. Pyxis Innovations Inc., formed in 2000, purchase ownership in Interleukin Genetics and is a wholly owned subsidiary of Alticor Inc.
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 also owns and operates the Courtyard by Marriott at Plaza Towers in Grand Rapids.