March 24, 2011
NEW YORK - General Mills Inc.'s net income rose 18 percent in the fiscal third quarter, driven by the sale of more snacks and strength abroad. The maker of Nature Valley snack bars and Cheerios cereal has started to raise prices for some of its products over the past few months to cope with rising ingredient costs. It expects price increases will accelerate during the current fiscal fourth quarter. -Associated Press
February 6, 1988 |
Pennwalt Corp. reached an agreement in principle yesterday for sale of its Stokes division to Alcatel Vacuum Products Inc. of Higham, Mass., for an undisclosed price. Stokes makes industrial-vacuum equipment at a plant on Tabor Road in Northeast Philadelphia, which employs 346 people. The buyer is a subsidiary of a French firm, Alcatel CIT. Pennwalt declined to disclose annual sales of the Stokes unit or to estimate the effect of the transaction on its first-quarter earnings.
August 9, 2010
York-based Graham Packaging Co. Inc. said today that one of its subsidiaries is buying Liquid Container, L.P. for $568 million. Graham, a maker of mold plastic containers for the food and household industry, says it intends to use debt to fund the acquisition, which is expected to close this year. Liquid Container, which is based in West Chicago, Ill., and has 14 plants in this country - including in Newark, Del. - making molded plastic containers, sells about 80 percent of its products to the food industry.
January 11, 1996 |
Snowblowers are in such demand that one maker, Toro Co., has issued a plea to dealers outside the snow-buried areas to ship excess inventories to the Northeast. Even the blower on display in Toro's Bloomington, Minn., headquarters lobby has come up missing, said Don St. Dennis, a Toro spokesman. You won't find any snowblowers around Toro. The company made 130,000 snowblowers for this season, and every one of them has been shipped to dealers, St. Dennis said. "It's been a very strong year for us," he added.
December 5, 1986
The Pennsylvania Liquor Control Board is the best money-maker the state has - a profit of over $300 million. How can anything like that be called "stupidest, least . . . efficient and most corruption-prone system for retailing liquor and wine"? You should find out more about that system. Jack Haigh Philadelphia.
September 14, 2011
Scala, an Exton software developer, said today it appointed Tom Nix as chief executive officer, effective Nov. 1. Nix, now a company vice president, will succeed Gerard Bucas, who is retiring after nine years as CEO. Scala provides software for digital signs used on billboards, in doctors' offices and in advertising management. -Paul Schweizer
June 12, 1999 |
A Philadelphia-area eyewear maker has snagged home-run slugger Sammy Sosa's endorsement for shades for the next two years. The Chicago Cubs star, who is leading the National League with 21 homers, wears Native Eyewear sunglasses when he chases line drives in right field. He doesn't wear them while batting. Eric Grunfeld, spokesman for Huntingdon Valley-based Native, said Sosa wears the Athelon style, priced from $85 to $90. Sosa has been wearing the glasses since the beginning of the season, but the deal wasn't finalized until yesterday.
November 7, 2011 |
Armstrong World Industries, of Lancaster, said it acquired a Montreal-based maker of specialty metal ceilings for an undisclosed price. Armstrong said it purchased Simplex Ceilings as part of its strategy to widen its global leadership and manufacturing presence in targeted markets. Simplex is a 40-employee firm with annual sales of $10 million, according to Armstrong. Adding Simplex "expands our technical capabilities, broadens our extensive specialty ceilings portfolio and improves our service and lead times for customers in North America," Armstrong's Mike Shirk said.
April 5, 2011
Merck & Co. Inc., a Whitehouse Station, N.J., pharmaceutical giant with major operations in Montgomery County, said today that it had agreed to pay $430 million for Inspire Pharmaceuticals Inc. of Raleigh, N.C., which specializes in medicines for eye diseases. Boards of directors for both companies as well as Inspire's largest shareholder, Warburg Pincus Private Equity IX L.P., have approved the deal, which values Inspire at $5 a share, a 26 percent premium over Inspire's Monday close.
July 28, 1989 |
Stanley R. Bongard, a tool and die maker, died Tuesday. He was 63 and lived in Langhorne. Born in Manayunk, Bongard was a graduate of Roxborough High School, a Navy veteran of World War II, and a volunteer fireman with the Nottingham Fire Company. He had made his living in the tool and die trade for the last 40 years. At the time of his death, he was a 20-year employee with the Milton-Roy Co. Bongard was an active member of Harry T. Klunn Post 9220, Veterans of Foreign Wars.