Cleveland investor acquires longtime Dayton manufacturer

Published: Thursday, December 07, 2017 @ 8:50 AM

Gem City CEO Rick Wiegand talks with Carlisle High School students in a Manufacturing Day tour of the company’s plant in October 2016. A contract manufacturer, Gem City makes everything from fragrance analyzers to bomb robots. JEREMY P. KELLEY / STAFF
Gem City CEO Rick Wiegand talks with Carlisle High School students in a Manufacturing Day tour of the company’s plant in October 2016. A contract manufacturer, Gem City makes everything from fragrance analyzers to bomb robots. JEREMY P. KELLEY / STAFF

A Cleveland private equity firm has acquired Dayton’s Gem City Manufacturing.

Cleveland’s CapitalWorks has acquired the 401 Leo St. manufacturer and provider of advanced automated equipment, assemblies, robotics and precision machining, the company said recently.

RELATEDSurvey offers glimpse of Dayton manufacturing wages

Terms were not disclosed.

The acquisition is the first investment for CapitalWorks Fund IV, L.P., CapitalWorks’ fourth private equity fund.

CapitalWorks will partner with Rick Wiegand, Gem City’s chief executive, and President Tim O’Meara on the next steps. O’Meara has been with Gem City for over four decades.

RELATEDLocal company 3-D prints its way into prosthetics industry

“We look forward to working with the Gem City team to grow the business,” CapitalWorks Managing Director Todd Martin said in a statement.

Serving the defense, aerospace, medical, optical communications, packaging, robotics and semiconductor markets, Gem City specializes in highly automated, custom equipment and complex assemblies.

“We are excited to partner with CapitalWorks and their network of industry experts to continue the evolution of Gem City,” Wiegand said in the firms’ joint announcement. “They have a deep understanding of our industry and we value their strategic vision along with the resources brought to us by their network.”

Gary Pinard, former president and owner of TecoMetrix; J.D. Sullivan, former CEO of Mayfran International; and Joe Brown, president of Tailwind Technologies, will join the Gem City board, the companies said.

RELATEDFuyao employees reject UAW bid by wide margin

Oxer Capital provided subordinated debt and senior financing was provided by PNC Business Credit.

Regional airport adds new Starbucks, other new dining options

Published: Tuesday, January 23, 2018 @ 7:57 AM

Is there a day of the week or time of year when you'll get the best deal on flights? Definitely! Here are more tips to get the cheapest airfare: http://clark.com/travel/best-day-book-cheap-flight/

John Glenn Columbus International Airport is adding another Starbucks location and several other new dining options for travelers.

The airport added its fifth Starbucks location near baggage claim, operated by global restaurateur HMSHost. Other new dining options will open in Concourse C in the second quarter of 2018, the airport announced. Donatos, with a full-service menu and bar, will replace Johnny Rockets. PGA Tour Grill, with a full-service menu and bar, will replace Buckeye Hall of Fame Cafe.

» TRENDING BUSINESS NEWS: Staff cuts and bankruptcy: 7 things we learned about retail last week

While the restaurants are under construction, a food and beverage kiosk will be available for customers along with American Craft Tavern, a Samuel-Adams themed bar and restaurant that opened in July. More than 7.5 million passengers traveled through the airport last year.

FIVE FAST BUSINESS READS

• Gander Mountain stores to reopen under new name

• Walmart reportedly cutting more than 1,000 jobs

• German grocery chain Lidl halts plans to open local store

• Bitcoin prices are plunging. What’s really going on with cryptocurrency?

Whirlpool celebrates new Trump tariffs, adding 200 jobs in Ohio

Published: Tuesday, January 23, 2018 @ 8:41 AM

Whirlpool KitchenAid mixers in all colors wait for assembly at the factory in Greenville in this 2012 photo. FILE
Whirlpool KitchenAid mixers in all colors wait for assembly at the factory in Greenville in this 2012 photo. FILE

At least one local manufacturer is celebrating the Trump administration’s move to slam down new tariffs on imported goods.

Whirlpool Corp. said it is adding 200 jobs after the administration imposed a tariff of up to 50 percent on large residential washing machines, a penalty aimed squarely at rival manufacturers Samsung Electronics Co. and LG Electronics Inc.

The new full-time employees will work at a factory in Clyde, Ohio, Whirlpool said Monday. The company also said the administration’s action will also result in new jobs in Kentucky, South Carolina and Tennessee.

RELATEDManufacturing wins help push Ohio jobless rate down

Whirlpool has about 10,000 workers at five manufacturing plants, including about 1,000 at its Greenville facilities in Darke County.

Last year, Whirlpool cut the ribbon on a $17 million doubling in size of its Ohio Factory Distribution Center in Greenville, a site that supports shipments of KitchenAid small appliances.

RELATEDManufacturers desperate for workers of the future

“This is a victory for American workers and consumers alike,” Jeff Fettig, Whirlpool chief executive, said in a statement Monday. “By enforcing our existing trade laws, President Trump has ensured American workers will compete on a level playing field with their foreign counterparts, enabled new manufacturing jobs here in America and will usher in a new era of innovation for consumers everywhere.”

The administration also announced tariffs on imported solar cells and modules.

Jim Bustillo, owner of Miamisburg’s Star City Solar, which sells and installs solar cells and components, said the tariffs will likely make some of the products he sells more expensive. But’s he’s OK with that.

“We need to protect American jobs,” Bustillo said Tuesday.

The products he sells are a mix of American-made and imported products. But he said he assures customers that solar equipment pays for itself in time.

“Solar panels are not an expense,” Bustillo said. “They’re an investment.”

RELATEDOhio factory owner: I need sober workers

“The president’s action makes clear again that the Trump administration will always defend American workers, farmers, ranchers, and businesses in this regard,” Robert Lighthizer, U.S. trade representative, said in a statement.

Low-cost WOW air offering $99 flight deals from Cincinnati to Europe

Published: Tuesday, January 23, 2018 @ 10:30 AM


            CONTRIBUTED
CONTRIBUTED

Low-cost Icelandic airline WOW air is offering special flight deals from $99 to $149 for several international flights.

WOW air begins service from Cincinnati/Northern Kentucky International Airport in early May, and the airline is celebrating by offering special deals on one-way flights. The airline is offering $99 one-way flight sales from CVG to Iceland, and one-way flights for $149 to Amsterdam, Paris, Copenhagen, Dublin, Frankfurt, London and Berlin.

» TRENDING TRAVEL NEWS: Regional airport adds new Starbucks, other new dining options

Service from Cincinnati will be available four days per week. The offer is available for travel from September to October. WOW air will also start flights this spring in Detroit, St. Louis, Cleveland and Dallas.

“We’re excited to welcome WOW air to CVG to provide local travelers another international travel option,” said Candace McGraw, chief executive officer of CVG. “WOW air is one of the fastest growing, low-cost transatlantic carriers.”

» MUST-READ TRAVEL NEWS: 7 wild things that happened on flights and in airports this year

Bookings are available at www.wowair.us.

FIVE FAST BUSINESS READS

Gander Mountain stores to reopen under new name

Walmart reportedly cutting more than 1,000 jobs

German grocery chain Lidl halts plans to open local store

Bitcoin prices are plunging. What’s really going on with cryptocurrency?

Local job fair to recruit disability support staff

Published: Tuesday, January 23, 2018 @ 12:07 PM

Goodwill Easter Seals Miami Valley is at 660 S. Main St. in Dayton. TY GREENLEES / STAFF
Goodwill Easter Seals Miami Valley is at 660 S. Main St. in Dayton. TY GREENLEES / STAFF

An upcoming Dayton job fair is seeking employees to support local adults with developmental disabilities.

Montgomery County Board of Developmental Disabilities Services will sponsor a hiring event 10 a.m. to 1 p.m. Jan. 31 at Goodwill Easter Seals Miami Valley at 660 S. Main St.

LOCAL: LGBT-focused health center hits new milestone

Some of the positions include direct service and support positions and leadership positions in both home-based settings and adult day programs. Full- and part-time positions across a variety of shifts are available, and attendees may apply for openings during the event.

No prior experience working with people with developmental disabilities is required, but applicants must pass a background check. Employers will provide paid training for all new hires.

RELATED: Employers to recruit at Springfield job fair

For additional information about this event, contact Mitchell Snyder at msnyder@mcbdds.org or 937-837-9205.